26 Nov '15, 11am

REMIPEG Report: Part 4 - Hydropower maintaining its supremacy in 2014 https://t.co/yoQYq9bWtW https://t.co/rigUTtXWqx

But while many planned projects are finally moving ahead, there are still development gaps to fill, and lengthy negotiations and procedural hurdles to overcome. In countries where annual per capita electricity consumption is still less than 100 kWh, any kind of delay is unacceptable.BRICS countries (Brazil, Russia, India, China, South Africa) decided to form the New Development Bank (NDB), contributing each with $10 billion to the initial capital, which should finance “infrastructure and sustainable development projects” in the BRICS countries and other low- and middle-income nations. The World Bank, through its most recent energy strategy, and the African Development Bank, through its PIDA initiative, have both strengthen their commitment to support water infrastructure and hydropower. More than 75 % of the new installed capacity in 2014 came from China, converting this m...

Full article: http://www.renewableenergyfocus.com/view/43316/remipeg-re...

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