American Electric Power (AEP) has closed the previously announced sale of the 48MW Racine hydropower plant in Racine, Ohio to Eagle Creek Renewable Energy. The sale, which was announced in February 2021, was executed by AEP’s competitive generation affiliate — AEP Generation Resources. The transfer of ownership of the Racine hydropower plant was approved last […]
GE Renewable Energy secured a rehabilitation contract from the Angat Hydropower Corporation for the 218MW Angat hydropower plant in the Philippines. The 53-year-old Angat hydroelectric power plant was built along the Angat River in San Lorenzo in the Bulacan province about 58 km northeast of Metro Manila. As per the contract, GE Renewable Energy will […]
The Nordic Investment Bank (NIB) has approved a 10-year loan to Norwegian energy group Agder Energi to increase hydropower efficiency and install a new turbine at an existing hydro power plant in Agder, Norway. The NOK600 million (€59.39 million) loan will be used for renewing the Åseral Nord hydropower project located along the Mandal watercourse. The […]
Tajikistan’s state-owned power utility Barki Tojik has secured a funding of $88 million from the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) for the rehabilitation of the Qairokkum hydropower plant (QHPP) in the Central Asian country. A full rehabilitation of the Qairokkum hydropower plant will support the country’s electric […]
BHEL has fully commissioned the INR5783.17 crore ($864 million) Kishanganga hydro power plant in Jammu & Kashmir, owned by NHPC, by placing the third 100MW unit into operations. The three units, each of 110MW, are now into operations, with a capability of generating 1,350 million units of clean electricity annually. The Kishanganga hydro power plant […]
Bharat Heavy Electricals Limited (BHEL) has commissioned the first 110MW unit of the 330MW Kishanganga hydro power plant in Jammu & Kashmir being developed by NHPC. The Kishanganga hydro electric project (HEP) is being built in Bandipora district on River Kishanganga, a tributary of the Jhelum River with an investment of INR5783.17 crore ($864 million). […]
Energy acquisition news : The Australian government has struck a deal worth more than AUD6 billion ($4.65 billion) with the New South Wales (NSW) and Victorian governments to buy out their stakes in Snowy Hydro, an Australian hydropower company. Snowy Hydro has a hydro power generation of 5,500MW, which includes the Snowy Mountains Scheme that […]