India hosting global dam experts meet in backdrop of Uttarakhand flash floods
Hydropower has long been a subject of controversy in states such as Uttarakhand, Himachal Pradesh and Arunachal Pradesh. (Photo: Reuters)Premium
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NEW DELHI: India is hosting a high-level meeting of the Paris-headquartered International Commission on Large Dams (ICOLD). This symposium of experts on dams, to end tomorrow, comes in the backdrop of one of the worst human and ecological tragedy following a glacier burst and flash floods in Uttarakhand.
The incident earlier this month has renewed concerns over hydropower projects in the ecologically fragile and earthquake-prone Himalayan region.
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Brookfield, Actis among bidders for Fortum’s India solar assets
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February 15, 2021
Canada’s Brookfield Asset Management Inc., private equity firm Actis Llp and Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd have offered to buy a majority stake in Finnish state-run power utility Fortum Oyj’s 500 megawatts (MW) solar projects in India in a deal estimated at about half a billion euros, said two people aware of the development.
The three parties have submitted three separate non-binding bids for the deal, which is expected to be completed by March, the people cited above said, requesting anonymity. Kotak Investment Banking is managing the sale process.