Wednesday, November 20, 2019

Business / DT 2 / 2015

Swedish EcoEnergy sugar project delayed again. Sida stands to lose SEK 50 million

Sida is again re-negotiating its agreement with the Swedish sugar and ethanol firm EcoEnergy in Tanzania. Torbjörn Pettersson, Head of Africa at Sida, says to Development Today: “We think they have done an extremely optimistic evaluation of their costs from the past. There was quite a big discrepancy ... The alternative is for the owners to put in more money, but they were not prepared to do that.”

Norfund keeps valuation of SN Power deal secret

Norfund has finished restructuring SNPI, its largest investment in renewable energy, in a deal with Statkraft. Before splitting up the company, a valuation of assets in the old firm was made, but those numbers are being kept secret.

Norfund's last-minute gas deal

The aid-financed risk fund Norfund has finally gained a stronghold in the African gas sector, only to see the Parliament ban aid investments in gas.