Tuesday, December 10, 2019

Business / DT 8 / 2013

New SN Power. Stakraft loses majority, picks ripe projects worth billions

The owners of SN Power have restructured the firm. The majority owner Statkraft takes over the lion’s share of projects, while the “new” SN Power will focus on Africa, Southeast Asia and Central America. 

Lake Turkana wind farm nears financial closure. Vestas lands turbine contract without tender

IFU and Norfund join forces with the African Development Bank to establish one of Africa’s largest wind projects. The turbine producer Vestas is on board as both project developer and supplier.

Statoil in Tanzania. ‘Business, not charity’

The Norwegian petroleum giant Statoil, which is operating a highly promising gas field off the Tanzanian coast, strives to draw a line between business and expectations of charity.

Private forestry project in Tanzania

A new phase in Finnish support to plantation forestry in Tanzani is underway. The vision is to help Tanzania become a significant wood fibre producer.