German utility E.ON AG announced it plans to invest around EUR250 million (around US$328.8 million) to expand the Waldeck 2 pumped-storage hydroelectric power project in central Germany.
E.ON will begin building a new 300-MW pumped-storage hydro plant next to the existing Waldeck 2 pumped-storage hydropower facility in 2012. Like Waldeck 2, the new plant will have an underground turbine room.
Construction is expected to take four years, with the new capacity entering service in 2016.
After completion of the new power plant, the Waldeck site will have a power production capacity of around 920 MW, the company said.
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