Renewable energy in Russia’s Karelia region will receive a boost from an NDB-funded small hydroelectric power plant project, which has seen the completion of its dam on July 30, 2019.

Watch short videos below to learn more about the event.

• Small Hydroelectric Power Plants Project in Karelia, Russia (Video by Nord Hydro)
• Media coverage: Construction of Dam on Kem River, Element of Beloporozhsk Hydroelectric Power Stations, Completed in Karelia (Video by Channel One Russia)
• Media coverage: Milestone for Construction of Beloporozhsk Hydroelectric Station (Video by Russia-1)
• Media coverage: Dam on Kem River Finalized at Beloporozhsk HPP Construction Site (Video by Sampo TV)

NDB has provided two loans to support the Eurasian Development Bank (EDB) and International Investment Bank (IIB) to on-lend to renewable energy projects. Through the project, the small dam and two hydroelectric generation plants are being constructed in order to provide a total installed capacity of 49.8 MW. In addition, a 220 kV power transmission line of 10-km will be constructed.

The project is in alignment with the New Development Bank’s objective to accelerate green financing and promote renewable energy development. Click here to learn more about the project.