16
Tue, Oct

Abstract

Liberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff’s interpretation of the authorities’ stated plans, Liberia... See More + Liberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff’s interpretation of the authorities’ stated plans, Liberia will remain at moderate risk of debt distress but move closer to thresholds that mark a high probability of debt distress. Adverse risks to the baseline are also significant. Staff discussed an alternative reform scenario that would ease the risk of debt distress while achieving roughly the same level of spending. The reform scenario assumes that all external financing would be on concessional terms and the amount of additional borrowing would be strictly controlled and supplemented with domestic resource mobilization. Such steps would be beneficial not only to improve the safety margin for the preservation of debt and macroeconomic stability, but also to sustain broad-based growth over the forecast horizon.  See Less -

Read more: Liberia - Joint Bank-Fund Debt...

| Source: Scatec Solar

Oslo, October 5, 2018: Scatec Solar ASA will release its third quarter results on Friday, October 19, 2018 at 07:00 (CET).

A presentation of the results will be held on the same day at 08:00. The location of the presentation is Høyres Hus (6th floor), Stortingsgata 20, 0161 Oslo. The presentation and Q&A session can be followed through a live webcast from our website on: http://webtv.hegnar.no/presentation.php?webcastId=97451308   

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
Tel: +47 950 38 364, This email address is being protected from spambots. You need JavaScript enabled to view it.


About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under construction.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Read more: Invitation to presentation of Scatec Solar ASA's...

Complete Report in English

Official version of document (may contain signatures, etc)

  • Official PDF , 231 pages 14.86 mb
  • (All language versions across World Bank Repositories)

  • TXT *

*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

**Download statistics measured since January 1st, 2014

Read more: The World Bank Annual Report 2018...

Abstract

To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank’s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former ... See More + To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the World Bank’s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the former adjusted for its quality. The paper presents the Long-Term Growth Model Public Capital Extension (LTGM-PC) and accompanying freely downloadable Excel-based tool. It also constructs a new Infrastructure Efficiency Index (IEI), by combining quality indicators for power, roads, and water as a cardinal measure of the quality of public capital in each country. In the model, public investment generates a larger boost to growth if existing stocks of public capital are low, or if public capital is particularly important in the production function. Through the lens of the model and utilizing newly-collated cross-country data, the paper presents three stylized facts and some related policy implications. First, the measured public capital stock is roughly constant as a share of gross domestic product (GDP) across income groups, which implies that the returns to new public investment, and its effect on growth, are roughly constant across development levels. Second, developing countries are relatively short of private capital, which means that private investment provides the largest boost to growth in low-income countries. Third, low-income countries have the lowest quality of public capital and the lowest efficient public capital stock as a share of gross domestic product. Although this does not affect the returns to public investment, it means that improving the efficiency of public investment has a sizable effect on growth in low-income countries. Quantitatively, a permanent 1ppt GDP increase in public investment boosts growth by around 0.1-0.2ppts over the following few years (depending on the parameters), with the effect declining over time.  See Less -

Read more: Assessing the Effect of Public...

Abstract

Strong growth, driven by consumption and public investment, has continued. Macroeconomic stability is strained. Inflation has picked up, driven by food price increases initially and by non-food inflation more recently. Notwithstanding rebound in garment... See More + Strong growth, driven by consumption and public investment, has continued. Macroeconomic stability is strained. Inflation has picked up, driven by food price increases initially and by non-food inflation more recently. Notwithstanding rebound in garment exports and remittances, the current account deficit has widened significantly because of a surge in imports. A large increase in the disbursement of medium and long-term loans helped contain pressure on foreign exchange reserves and moderate the depreciation of the exchange rate. Monetary growth has been subdued because of decline in public sector borrowing from banks and reduced net international reserves, creating room for increased private sector credit growth. However, weak deposit growth and the persistence of high levels of non-performing loans have led to rise in lending rates. The fiscal deficit has increased despite underspending on public investment as revenue growth fell well short of the budget target. Excessive reliance on expensive saving instruments to finance the budget deficit has continued.Over the near-term, growth is expected to remain resilient, underpinned by strong domestic demand. Inflation is likely to accelerate with rising aggregate demand resulting in part from election related increase in private spending, an expansionary fiscal policy and depreciating exchange rate. The current account deficit and the fiscal deficits are projected to widen, but the risks of both external and public debt distress are low. Downside risks include fiscal slippages aggravated by drying up of assistance for supporting the Rohingyas, delays in banking reforms, loss of monetary policy predictability due to diminished central bank independence and weakening reform momentum in the run-up to the elections. Moving forward, creating more and better jobs by boosting private investments, diversifying exports and building human capital remain the top most policy priorities. In addition to handling macroeconomic imbalances through increased flexibility in the exchange rate and interest rates, this would require ensuring a predictable and efficient system of business regulation, faster progress on the implementation of the mega infrastructure projects, improving financial sector governance, and ensuring an adequate and reliable supply of electricity.  See Less -

Read more: Bangladesh Development Update...

Abstract

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. In... See More + IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. In FY18, IFC invested 23.3 (USD) billion, including nearly 11.7 (USD) billion mobilized from other investors. Our comprehensive approach helped businesses innovate, build internationally competitive industrial sectors, and create better jobs.  See Less -

Read more: IFC Annual Report 2018 Redefining...

| Source: Statkraft AS

multilang-release

PRESS RELEASE

Statkraft acquires wind development business in Ireland and the UK

(Cork/London/Oslo, 2 October 2018) Statkraft has acquired the Irish and UK wind development businesses of the Element Power Group. The transaction provides Statkraft with a large onshore wind development pipeline in Ireland and strengthens Statkraft's position in the UK.

The transaction comprises Element Power Ireland Ltd and three UK project companies, including the current organisation with around 50 employees that will be integrated into Statkraft. The portfolio of wind farms currently under development in Ireland (c. 1,300 MW) and the UK (c. 250 MW) fits well into Statkraft's growth strategy and its plans to increase its portfolio of wind power assets to 6,000 MW by 2025.

Statkraft is already Europe's largest producer of renewable energy and has an ambition to grow further within hydropower, wind and solar power, as well as market operations in Europe, South-America and India.

"This acquisition fits perfectly with our onshore wind power strategy. A very competent organisation based in Ireland and in the UK will strengthen Statkraft's capabilities in project development, construction and commercial management in the UK and Ireland, as well as across markets," says Christian Rynning-Tønnesen, CEO of Statkraft.

Element Power CEO Mike O'Neill commented: "We are delighted to complete the sale of our renewable energy and related activities in Ireland and the UK, and especially so to a company of Statkraft's standing and ambitions for growth, who will build on our successful track record of project delivery. They are inheriting an extremely high calibre team and a substantial portfolio of projects that will enable them to take a leading role in the market. We wish them every success, whilst we look forward to continuing the development of our Greenlink interconnector project that will link these two important energy markets and help facilitate their continued decarbonisation."

Ireland is one of the selected new growth markets for onshore wind in Statkraft. The company already owns and operates 11 wind farms in the UK and the Nordics with a combined installed capacity of almost 1,000 MW. Furthermore, Statkraft is the majority owner of the 1,056 MW Fosen Vind project under construction in Norway, Europe's largest onshore wind power project.

The transaction was completed 1 October and is an acquisition of 100 per cent of the shares in Element Power's Irish and UK subsidiaries (excluding Greenlink Interconnector Limited) from Element Power's principal owner Hudson Clean Energy Partners AIV LP.

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3500 employees in 16 countries.

For further information:

Torbjørn Steen, VP Communications Statkraft AS, Tel: +47 911 66 888, This email address is being protected from spambots. You need JavaScript enabled to view it.

Lars Magnus Günther, Acting SVP Corporate Communications Statkraft AS, Tel: +47 912 41 636, This email address is being protected from spambots. You need JavaScript enabled to view it.

www.statkraft.com

Read more: Statkraft AS: Statkraft acquires wind...

| Source: Scatec Solar

Oslo, October 1, 2018: Scatec Solar and Norfund's 35 MW Los Prados solar power plant in Honduras is now grid connected and has reached commercial operation (COD).

"We are very pleased to have completed the Los Prados solar plant in close cooperation with our partners and the Honduran authorities. With this milestone our asset portfolio in Honduras reaches 95 MW, confirming our track record in the Latin American solar market", says Raymond Carlsen, CEO of Scatec Solar.

"Increased access to renewable energy is crucial for economic development, poverty reduction and addressing climate change. Investing in clean energy is a priority for Norfund and we are pleased to expand our partnership with Scatec Solar with this second solar power plant in Honduras" says Mark Davis, EVP Clean Energy in Norfund.

The Los Prados project holds a 20-year power purchase agreement (PPA) with the state-owned utility Empresa Nacional de Energía Eléctrica (ENEE). The plant is expected to provide about 73,000 kWh of electricity per year, providing energy for more than 16,300 households. The clean energy produced by the Los Prados plant will contribute to a CO2 reduction of almost 40,000 tons per annum.

The solar power plant is owned 70 percent by Scatec Solar and 30 percent by KLP Norfund Invest.

About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under construction.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Read more: Scatec Solar and Norfund's second solar plant in...

Complete Report in English

Official version of document (may contain signatures, etc)

  • Official PDF , 231 pages 15.05 mb
  • (All language versions across World Bank Repositories)

  • TXT *

*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

**Download statistics measured since January 1st, 2014

Read more: The World Bank Annual Report 2018...

Abstract

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. In... See More + IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. In FY18, IFC invested 23.3 (USD) billion, including nearly 11.7 (USD) billion mobilized from other investors. Our comprehensive approach helped businesses innovate, build internationally competitive industrial sectors, and create better jobs.  See Less -

Read more: IFC Annual Report 2018 Redefining...

| Source: Albioma

multilang-release

Press release

Paris La Défense, 1 October 2018

Industrial commissioning of the 100% bagasse/biomass plant, Galion 2, in Martinique

Albioma announces the industrial commissioning on 26 September 2018 of its 100% bagasse/biomass plant, Galion 2, in Martinique. The tests at the plant began in January 2018; it was able to provide the Galion sugar refinery with the steam that it needed during the sugar campaign and compliance tests with the EDF standard were carried out during the summer. The validation of the results of this last stage enables the launch of the contract concluded with EDF for a period of 30 years.

Due to the extension of the commissioning schedule, the investment of the project amounts to €210 million.

Galion 2 has become the first 100 % bagasse/biomass plant in the French overseas departments

Dedicated to the production of renewable energy, this plant, with an installed capacity of 40 MW, will supply electricity for Martinique's electricity grid all year round, from the combustion of bagasse, a fibrous residue of sugar cane, other local forms of biomass of plant origin and wood residues from sustainably managed forests.

A unique partnership with the sugar industry developed for more than 20 years and a strong local impact

Galion 2 will also supply steam to supply the Galion sugar refinery, Albioma's historic partner, as part of a virtuous exchange. Like all the Group's thermal plants located in Overseas France, Mauritius and Brazil, Galion 2 combines state-of-the-art technology and innovation by implementing the principle of circular economy: the power plant provides the site's sugar refinery with a solution that improves its energy supply by optimising the recovery of sugar cane residue, bagasse.

More generally, Galion 2 allows the creation of more than 40 direct jobs and contributes to sustaining the agricultural, economic, industrial and social fabric of Martinique.

A power plant supporting the energy transition

The Galion 2 plant will triple renewable electricity production on the island (from 7% to 22%) and will contribute to the shift towards a lower-carbon energy mix in Martinique, in compliance with the strictest environmental standards.

In the current context of energy transition, the solutions offered by Albioma for the production of stable and renewable energy, from biomass, make it possible to guarantee the stability of the power grids and thus increase the share of intermittent energy sources such as solar power, particularly in isolated areas where the network is fragile.

Next on the agenda: revenue figures for the third quarter of the 2018 financial year, on 25 October 2018 (before trading).

About Albioma Contacts
An independent renewable energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics.

The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 20 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.

Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.

Investor
Julien Gauthier
+33 (0)1 47 76 67 00

Media
Charlotte Neuvy
+33 (0)1 47 76 66 65
This email address is being protected from spambots. You need JavaScript enabled to view it.

   
Albioma shares are listed on NYSE EURONEXT PARIS (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans (ISIN FR0000060402 - ticker: ABIO). www.albioma.com

 

Read more: ALBIOMA : Industrial commissioning of 100%...

More Articles ...

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Announcing India Green Finance Awards_ Nominations Now Open, 1 - 2 November 2018, Mumbai - https://t.co/TEczH7B2Ww
About 17 hours ago
SolarQuarter Cleantech Investment & Finance Week 2018_ EMobility & Renewable Energy, 1-2 November 2018, Mumbai_Register Now - https://t.co/z6ldlUXDE9
Friday, 12 October 2018 04:39
SolarQuarter 150+ Companies Attending SolarRoofs Bengaluru Edition, Last Day to Register! - https://t.co/eGtwXQdibC
Wednesday, 10 October 2018 08:08

Advertisement