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Renewable Energy, commented: “When Pituvik Landholding Corporation invited us to join them on this journey, we partnered closely with the people of Inukjuak to shape a project that reflects their vision and meets their needs. This project is a source of pride for all of us at Innergex because it directly improves daily life in Inukjuak while supporting the community’s long-term energy independence. We are grateful for the collaboration and confidence of our Inuit partners, and we thank everyone who worked to make the community’s vision a reality.” “First Nations must be involved in the development of the resources on their territory,” emphasised Keith-Michel Flamand, President of Énergie Matawak S.E.C. “We all live together on this land and work in partnership, guided by harmony and mutual respect. The goal of Énergie Matawak is not only to produce energy but also to do so responsibly while protecting our environment. Our project is one that carries hope for the future.” Lorena Patterson, President and CEO of
WaterPower Canada, said, “This investment in Indigenous-led hydropower projects exemplifies the economic reconciliation our sector is committed to advancing. Through meaningful equity partnerships, our sector is fostering job creation, local economic growth and shared prosperity in Indigenous communities. Collaboration with Indigenous Peoples is integral to building the sustainable, reliable and clean energy infrastructure Canada needs to achieve its climate goals while ensuring Indigenous communities have a true stake in our energy future.” Since its launch in 2018, the CERRC program has supported 229 projects across Canada to replace diesel generation in remote and Indigenous communities. It has a total budget of $453 million. The $4.5-billion SREPs program supports grid modernization, storage, and non- emitting generation initiatives nationwide. At 7.5MW, Innavik is the largest commissioned project under the CERRC program and the largest remote community- scale renewable energy project in the country.
Kyrgyzstan
EU and partners step up support for Kambarata-1 hydropower project The European Union and its financial partners have announced new support for hydropower development in Central Asia, centred on the Kambarata-1 hydropower plant in Kyrgyzstan. The cooperation, unveiled at the Global Gateway Forum in Brussels, aims to expand renewable electricity generation, improve regional energy cooperation, and strengthen water security across Kyrgyzstan, Kazakhstan, and Uzbekistan. At the Forum, the EU, the European Investment Bank (EIB), and the European Bank for Reconstruction and Development (EBRD) signed a Memoranda of Understanding to advance the Kambarata-1 project. The EU and EIB formalized
€900 million in agreements with Kyrgyzstan, Kazakhstan, and Uzbekistan, alongside a feasibility study co-funded by the EU and implemented by the World Bank. The EBRD also signed memoranda with the same countries and is considering an overall €1.3 billion financing package in potential support of the project. European Commissioner for International Partnerships Jozef Síkela said the investment reflects the EU’s long-term commitment to sustainable energy development in the region. “During my recent mission across Central Asia, I have very well learned the importance of water for the stability of the whole region,” Síkela said. “Smart investments in hydropower can improve access to reliable and affordable electricity, generate income for local people, and support sustainable agriculture while protecting people’s health and the environment. “We are proud to support the future construction of the Kambarata-1 hydropower plant that is key to energy production in Central Asia,” he added. “Our new investments strengthen the strategic partnership between the EU and Central Asian countries.” EIB Vice-President Kyriacos Kakouris said the bank’s contribution, supported by European Commission guarantees, will help boost renewable energy cooperation. “The EIB as the climate bank is backing infrastructure that strengthens regional energy cooperation in Central Asia,” Kakouris said. “We see the potential of the Kambarata-1 hydropower plant project as instrumental in expanding renewable electricity trade in the region, fostering economic development, and enhancing energy security.” EBRD President Odile Renaud-Basso described Kambarata-1 as “a flagship regional project for Central Asia,” noting its role in improving water and energy security. “The EBRD, as a leading investor in all participating countries, is pleased to support regional connectivity and effective water management, with the EU and partners,” she said. The announcement forms part of the Team
Europe approach, which brings together the EU, its Member States, financial institutions, and the private sector to advance coordinated action on water and energy. The initiative supports the Team Europe Initiative on Water, Energy and Climate Change, designed to improve water management, enhance renewable energy capacity, and promote a green and blue transition in Central Asia. At the Forum, participants also reviewed
progress on the EU’s planned Global Gateway projects in the region – including the Kambarata-1 and Rogun hydropower plants – and discussed next steps in implementing regional energy and climate cooperation. The Kambarata-1 hydropower plant, located on the Naryn River in Kyrgyzstan, will be the country’s largest power facility and one of the biggest in Central Asia. Once completed, it is expected to strengthen Kyrgyzstan’s energy security, enhance regional energy trade, and
6 | November 2025 |
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support economic growth. The project has attracted support from the EU, the EIB, the EBRD, and Italy’s development bank Cassa Depositi e Prestiti as part of Team Europe’s renewable energy efforts. The Rogun hydropower plant in Tajikistan, featuring the world’s tallest dam, is another key project for the region. Expected to double Tajikistan’s energy production by 2032, it aims to address energy shortages, accelerate decarbonisation, and enable regional electricity exports. Led by the World Bank, it is supported by the EU and several European partners. The Global Gateway Forum brings together leaders from the EU, governments, and the private sector to promote sustainable global infrastructure investment. Through the Global Gateway strategy, the EU and partners aim to mobilise up to €300 billion in public and private investments between 2021 and 2027 to advance clean energy, digital connectivity, transport, health, and education worldwide.
Australia Snowy Hydro directs cost review as Snowy 2.0 remains on schedule Snowy Hydro has directed principal contractor Future Generation Joint Venture (FGJV) to carry out a comprehensive cost reassessment of the Snowy 2.0 pumped hydro project. The review will take up to nine months and will be verified by independent construction cost experts. The project remains on schedule for completion in December 2028 and is currently 67% complete. Snowy Hydro said the reassessment is necessary due to material cost pressures and current market conditions affecting major infrastructure projects.
CEO Dennis Barnes said Snowy 2.0 has continued to make steady progress since the 2023 project reset: “Despite disruption, including work stoppages due to safety concerns and continuing challenges with geology, we’ve been able to recover that time and get us to where we need to be in terms of schedule. “The reset was about getting Snowy 2.0 moving again by creating a more collaborative relationship with the principal contractor and achieving safe progress. We’ve done both, but the productivity uplift hasn’t been to the degree we needed,” Barnes said. Average monthly delivery has almost doubled, from 0.57% to 0.91%, with 0.98% achieved in August 2025. Snowy Hydro identified three main factors contributing to current cost pressures: Productivity challenges: While productivity has improved since 2023, delays from TBM stoppages in 2024, safety-related work suspensions and underperformance against productivity targets continue to affect costs. Geotechnical conditions: A fourth tunnel boring machine will be deployed to manage difficult geology through the Long Plain Fault Zone. The associated costs were initially
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