29 Nov '11, 3pm

Banks Provide Critical Support for Hydro Project Development

Banks Provide Critical Support for Hydro Project Development

Development of a hydroelectric project requires significant amounts of money and often involves formidable obstacles to be overcome, particularly in developing countries. Without the involvement of multi-national banking institutions, many of these undertakings would be impossible, and valuable opportunities to improve living standards in many countries would be lost. Although the projects mentioned in this article are only the tip of the iceberg, they provide valuable insight into the type of work being financed by multi-national development banks worldwide to encourage the continued growth of the hydroelectric industry. Asian Development Bank The Asian Development Bank focuses on delivering projects for the Asia and Pacific region that create economic and development impact. The bank had more than $17.5 billion in approved financing in 2010. Its main devices for assistan...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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