LONDON, June 23 (Reuters) - The UK government's development finance institution British International Investment (BII) plans to invest 0 million in a joint project with Norway's Norfund to construct at least three hydroelectric power projects in Africa, BII said on Thursday.
The two institutions will equally split a 49% shareholding in a joint venture with Norway's Scatec ASA (SCATC.OL) for the projects, BII said in a emailed statement.
These will include the planned 205 megawatt (MW) Ruzizi III hydroelectric plant to supply electricity to Rwanda, Burundi and Democratic Republic of Congo, the 120 MW Volobe hydropower plant in Madagascar, and Malawi's 350 MW Mpatamanga project, BII said.
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Germany on Thursday triggered the "alarm stage" of its emergency gas plan following a drop in Russian supplies, but for now will not permit utilities to pass on soaring costs to consumers.
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