Norway's Norsk Hydro is planning the groundbreaking for the Holsbru hydropower project this autumn, the renewable energy producer announced.
In addition, the company has delivered a concession application for two hydropower projects in Sogn. The three hydropower projects are expected to increase Hydro's power production by about 300 GWh, Norsk Hydro reported.
The goal is to increase hydropower production by up to 10 percent. In addition to the Holsbru project, Hydro has applied for a concession to build a power plant at Oyane and at Ilvatn, both in the Fortun Valley in Sogn.
The two plants will deliver 98 and 113 GWh, respectively, while Holsbru will increase the company's power production by 84 GWh.
Norsk Hydro has announced it plans to invest between two billion kroner (US$304 million) and three billion kroner in hydropower projects in Norway over the next five to six years, wire services reported.
Recently, Norway utility Statkraft announced it will invest more than NOK 1 billion (US$168.48 million) upgrading hydropower facilities and preparing new hydro projects to replace aging plants.
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