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.”
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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.
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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.
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