Untitled Document

HAE, GESA sign agreement for Colombian hydropower project development

Colombia Flag

North American power company Hydro Alternative Energy, Inc., and South America's Generamos Energia SA ESP have signed a memorandum of understanding to develop hydrokinetic power projects in Colombia.

The agreement announces HAE and GESA's intent to partner "for purposes of providing the country of Colombia with additional electrical power generation capacity by developing one or more run-of-the-river hydroelectric power plants and/or utilizing other power generation technologies to fulfill such electrical power generation needs, and the activities, roles, and responsibilities."

The development will help Colombia continue to meet its energy production goals, the companies said, adding additional capacity where more than 65% of the country's energy is already generated by hydroelectric power sources.

"This MOU evidences HAE's efforts to expand our role in the hydroelectric power generation industry while keeping true to our mission: to become a leading worldwide independent power provider focused on utilizing hydrokinetic and other power development sources to generate electric power worldwide, cost-effectively, reliable and profitable, with minimal to no ecological impact," HAE CEO Mark Antonucci said.

Projects developed under the memorandum will likely use HAE's "Oceanus" technology, which was selected for use in a 1 MW array in South Africa in May 2012.

For more new development news, visit here.

Related Articles

Wave Energy Week will mix marine energy developers with traditional hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in...

Australian company enters into technology agreement for MHK development within Indonesia

Australia-based Bombora Wave Power announced on June 22 that it has entered into a Technolog...

Marine and hydrokinetic test bed EMEC announces restructuring

The European Marine Energy Centre has announced its intention to restructure following a yea...

Commercial tidal energy project in The Netherlands will cost US$12.4 million

Tocardo Tidal Turbines announced it would install the largest tidal energy project in The Ne...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

06/01/2015
Volume 34, Issue 5
03/01/2015
Volume 23, Issue 2

Buyers Guide Products

Buyers Guide Companies

Waveberg Development Ltd

Wave energy converter under development. Requir...