More Business Transactions & Transitions

Partnership to advance small hydropower plant development in Africa

09/03/2015

Hydroneo Afrique and African Infrastructure Investment Managers (AIIM) are partnering to develop a pipeline of small hydropower plants across Africa.

Salini Impregilo inks US$575 million EPC contract for Georgian 280-MW Nenskra hydroelectric project

09/03/2015

Salini Impregilo announced it has signed a US$575 million engineering, procurement and construction contract to design and construct portions of the 280-MW Nenskra hydroelectric project on the Nenskra River in the Svaneti district of Northwest Georgia. 

JSW Energy refinances US$1.1 billion in hydroelectric project debt

09/02/2015

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  

InvestBank acquires majority stake in Tila-1 and Tila-2 hydropower projects in Nepal

09/02/2015

InvestBank Corp. has acquired a 70% equity stake in the 440-MW Tila-1 and 420-MW Tila-2 hydropower projects in Nepal.

Rwanda leases 22 small hydroelectric plants to private consortium

08/31/2015

On Aug. 27, Rwanda’s Ministry of Infrastructure government announced it has leased 22 small hydropower projects located in the northern and western provinces to private investors to spur the country’s hydroelectric energy program. According to energy experts at the ministry, the plants would add about 24.6 MW of hydroelectric energy to the national grid. 

NAES Corporation has acquired Olsson Industrial Electric

08/31/2015

NAES Corporation has acquired Olsson Industrial Electric, which provides all phases of electrical systems engineering, installation and integration.

France inaugurates Le Croisic MHK test site

08/28/2015

On Aug. 25, France officially inaugurated the Site d’ Experimentation en Mer (SEM-REV) at Le Croisic, Brittany, France on the country’s west coast. The site will test marine hydrokinetic (MHK) energy systems and floating wind turbines in open sea conditions. 

China Three Gorges buys majority shares in two Brazilian hydropower projects

08/27/2015

Brazilian infrastructure group Triunfo Participacoes e Investimentos S,A. .has agreed to sell its controlling stakes in three energy generating subisidiaries to the China Three Gorges Corp., the company announced earlier this week.

Manitoba Hydro reports $60 million drop in net income for 2014-2015

08/27/2015

Canadian provincial utility Manitoba Hydro reported consolidated net income of $114 million for the fiscal year ended March 30, 2015, down $60 million from last year.

FFP New Hydro closes loan facility for 21 hydropower projects

08/26/2015

FFP New Hydro LLC has closed a senior loan facility through Crestline Investors Inc. to develop a portfolio of 21 run-of-river hydropower plants across a five-state area.

Indonesia's PLN signs agreement to develop commercial tidal power plant

08/26/2015

State-owned utility PT Perusahaan Listrik Negara (PLN) and British marine and hydrokinetic developer SBS Intl. Ltd. have signed a memorandum of understanding to develop an ocean energy project in Indonesia.

Yalong River Hydropower Ltd. to issue US$155 million in 270-day bills

08/25/2015

On Aug. 25, Yalong River Hydropower Development Co. Ltd. (YRDC) announced it would issue US$155 million (RMB 1 billion) in unsecured super short-term bills with a maturity of 270 days on the interbank market on Aug 26. 

Eagle Creek expands small hydro portfolio with construction, acquisition

08/24/2015

Eagle Creek Renewable Energy LLC has broken ground on a pair of small hydropower projects Vermont and acquired another in New Hampshire, the New Jersey-based company has announced.

Redesigned HydroWorld.com Video Gallery

08/24/2015

Hydropower news and information, and interesting promotional announcements are now available in a convenient, redesigned location: the HydroWorld.com Video Gallery. 

Speaking out for hydro

08/24/2015

In January, a columnist with Canada’s The Globe and Mail newspaper wrote an opinion editorial entitled “Big Hydro’s big days are behind it.”

Canada invests C$115,000 for virtual tidal energy atlas

08/21/2015

Earlier this month, the government of Canada announced an investment of C$65,000, through the Atlantic Canada Opportunities Agency’s (ACOA) Innovative Communities Fund (ICF), in support of an online tidal energy atlas. This platform gathers physical, environmental and infrastructure data from tidal sites along the Bay of Fundy and makes this information accessible online. 

Low water in Lake Kariba lessens hydro production in Zambia

08/20/2015

The amount of water in Lake Kariba is at its lowest in 20 years, with the reservoir being just 40% full in July, according to multiple news sources.

Seattle City Light evacuates 711-MW Skagit hydropower project amidst wildfire

08/20/2015

Safety concerns raised by wildfires have forced utility Seattle City Light to evacuate employees from the town of Diablo, the nearby 711-MW Skagit hydropower complex and the North Cascades Institute's Environmental Learning Center.

Pakistani 969-MW Neelum-Jhelum hydroelectric project Planning Commission seeks audit

08/20/2015

This week, the Planning Commission for the 969-MW Neelum-Jhelum hydroelectric project (NJHP) being constructed in Pakistan has asked the government to conduct an independent audit of reported completed work on the project prior to approving new expenditures. 

Appalachian Power promotes Jones to manage hydroelectric facilities

08/19/2015

Bradley R. Jones is now manager of hydro operations for Appalachian Power, replacing Frank M. Simms, who retired July 31.

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