SN Power, IFC to develop 1GW of hydro power in Vietnam

SN Power and IFC to help Vietnam develop its renewable energy sector

Global hydro firm SN Power and World Bank member International Finance Corporation (IFC) have entered into an agreement to develop up to 1GW of hydro power capacity in Vietnam over a ten-year period.

The Joint Development Agreement was signed in Washington between Bernard Sheahan, IFC director for infrastructure and Erik Knive, SN Power executive vice president in Southeast Asia.

The partnership will look into developing selected hydro power projects with each plant size in the range of 100MW to 500MW - this could give an estimated investment figure of $2bn over the ten-year period, Knive tells Recharge.

“This IFC partnership will allow SN Power to achieve synergy in terms of finding viable hydropower projects and subsequently develop and operate them in a sustainable manner,” Knive says.

The…

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