North Korea has finished construction of a new hydropower plant in North Hwanghae Province according to local media reports on Friday, as part of a project with the UN’s United Nations Framework Convention on Climate Change (UNFCCC).

The Ryesonggang Youth Power Station No. 3 is one of six hydropower generating projects linked to a carbon credit selling scheme which the DPRK hopes will earn more than $5 million a year.

But the construction work has not progressed particularly rapidly.

“On June 25 2011, North Korean television showed construction of the Ryesonggang Power Station No. 3 had begun, so it has taken