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Hydropower News

North Sky closes two clean energy funds at US$300 MM

North Sky closes two clean energy funds at US$300 MM

🕔May 19, 2017

North Sky Capital has announced the closing of two investment funds at US$300 million.

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San Diego water board looking into pumped storage hydro

San Diego water board looking into pumped storage hydro

🕔May 16, 2017

The San Diego County Water Authority board of directors has authorized the Water Authority, in conjunction with the City of San Diego, to begin seeking detailed proposals for a potential energy storage facility at San Vicente Reservoir.

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Fortis to buy interest in a hydro project from Teck Resources

Fortis to buy interest in a hydro project from Teck Resources

🕔May 16, 2017

Fortis Inc.and Teck Resources Limited have announced an agreement under which Fortis will purchase Teck’s two-thirds interest in the Waneta Dam and related transmission assets in British Columbia, Canada, for CAD1.2 billion cash (US$878 million).

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Oslo to purchase Hafslund ASA for €730M

Oslo to purchase Hafslund ASA for €730M

🕔May 8, 2017

Fortum and the City of Oslo have entered into an agreement to restructure their ownership in Hafslund ASA, one of the largest listed power groups in the Nordic region.

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Great River buys 584-MW TransCanada‘s hydropower portfolio

Great River buys 584-MW TransCanada‘s hydropower portfolio

🕔May 3, 2017

ArcLight Capital Partners has announced that its affiliate, Great River Hydro, has closed its acquisition of TransCanada’s New England hydroelectric power portfolio.

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Eagle Creek acquires Reusens site in Virginia

Eagle Creek acquires Reusens site in Virginia

🕔Apr 27, 2017

Appalachian Power, a utility subsidiary of American Electric Power and Eagle Creek Renewable Energy, LLC have completed a transaction transferring ownership of the Reusens hydroelectric facility on the James River near Lynchburg to Eagle Creek. 

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Brazil to auction nearly 3 GW of hydropower plant concession rights

Brazil to auction nearly 3 GW of hydropower plant concession rights

🕔Apr 26, 2017

Later this year, concession rights for five hydropower projects will be auctioned by Brazil's Ministry of Mines and Energy

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U.S. company gets rights to develop 18-MW hydro project in Angola

U.S. company gets rights to develop 18-MW hydro project in Angola

🕔Apr 20, 2017

Dominovas Energy Corporation has announced that it has received from the Angolan Ministry of Energy and Water (MINEA) an invitation to secure the exclusive right to an 18 MW hydroelectric project.

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WAPDA awards 243-MW Warsak hydropower plant in Pakistan

WAPDA awards 243-MW Warsak hydropower plant in Pakistan

🕔Apr 20, 2017

The Pakistan Water and Power Development Authority (WAPDA) awarded the contract of consultancy services worth PKR868 million (US$8.23 million) through an international competitive bidding for 2nd Rehabilitation of Warsak Hydroelectric Power Station to a Joint Venture comprising four firms led by Dolsar from Turkey.

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Green Climate Fund provides US$86 million financing for Tina River hydroelectric project

Green Climate Fund provides US$86 million financing for Tina River hydroelectric project

🕔Apr 18, 2017

The Green Climate Fund (GCF) has approved US$86 million financing for the Tina River hydroelectric power project, located in the Solomon Islands.

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Operating license for Brazil's 11.2-GW Belo Monte hydroelectric plant is suspended

Operating license for Brazil's 11.2-GW Belo Monte hydroelectric plant is suspended

🕔Apr 12, 2017

A federal court suspended the operating license for Brazil's 11.2 GW Belo Monte hydroelectric plant following allegations that the project's owners did not meet environmental requirements.

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Ancala Partners raises £51 million debt facility for Green Highland Hydro

Ancala Partners raises £51 million debt facility for Green Highland Hydro

🕔Apr 7, 2017

Ancala Partners LLP, an independent mid-market infrastructure investment manager, has announced that it has raised £51 million (US$63.6 million) of debt facilities for Green Highland Hydro (GHH), the asset ownership vehicle for hydroelectric power assets developed by Green Highland Renewables (GHR).

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Pakistan secures financing for 4320 MW Dasu hydropower project

Pakistan secures financing for 4320 MW Dasu hydropower project

🕔Apr 5, 2017

Pakistan Water and Power Development Authority secured PKR144 billion (US$1.36 billion) for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank Limited.

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Arconic sells 210-MW Yadkin hydropower project

Arconic sells 210-MW Yadkin hydropower project

🕔Mar 23, 2017

Arconic has announced its receipt of a portion of the proceeds from the sale of the Yadkin Hydroelectric Project to Cube Hydro Carolinas by Alcoa Power Generating Inc., a subsidiary of Alcoa Corporation.

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KOMIPO to develop north Sumatra hydro power project

KOMIPO to develop north Sumatra hydro power project

🕔Mar 23, 2017

Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.

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China Three Gorges reaches FC on 720 MW hydro project in Pakistan

China Three Gorges reaches FC on 720 MW hydro project in Pakistan

🕔Mar 17, 2017

Karot Power, which includes China Three Gorges-subsidiary Three Gorges South Asia Investment and Associated Technologies of Pakistan, has achieved financial close for the 720 MW Karot Hydroelectric project​.

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Financial closure for Turgusun hydropower plant

Financial closure for Turgusun hydropower plant

🕔Mar 3, 2017

A new hydro power plant with a capacity of 24.9 MW will be built on Turgusun river in the East Kazakhstan region and financial backing from the Development Bank of Kazakhstan will assist in the construction.

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Dubai receives 12 bids for pumped-hydro storage consultant

Dubai receives 12 bids for pumped-hydro storage consultant

🕔Mar 1, 2017

Dubai Electricity and Water Authority (Dewa) call for bids for the provision of engineering consultancy services for a pumped-storage hydro project in Hatt and a total of 12 bids have been placed in response.

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Indian Cabinet approves US$854.4 million for a hydropower project to be set up in Nepal

Indian Cabinet approves US$854.4 million for a hydropower project to be set up in Nepal

🕔Feb 27, 2017

The Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister of India, Sh Narendra Modi has approved the investment proposal for 900 MW Arun –III Hydro Electric Project in Nepal.

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IIC finances Hidronormandia run-of-river plant

IIC finances Hidronormandia run-of-river plant

🕔Feb 24, 2017

The Inter-American Investment Corporation (IIC) has signed a US$78 million financing package with Hidronormandia S.A. to support the construction and operation of a run-of-the-river hydropower plant and transmission line in Ecuador.

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