More Business Transactions & Transitions

President of hydro plant owner PG&E plans to retire by end of year


Christopher P. Johns, president of hydro plant owner Pacific Gas and Electric Company, notified the company this week of his intention to retire at the end of 2015.

Hydro-Quebec posts net $1.8 billion in profit for first quarter 2015


Canadian provincial utility Hydro-Quebec reports its net profit was nearly $1.8 billion for the first quarter of 2015.

Hydro Research Foundation announces 2015 class of researchers


The Hydro Research Foundation has released its list of researchers for 2015.

World Bank via AGLI uses US$1 billion to support hydroelectric projects


The World Bank Group announced US$1 billion to support the African Great Lakes Initiative (AGLI) through various programs to help the countries in the region of the Democratic Republic of the Congo (DRC) improve their health and education services, expand cross-border trade and finance hydroelectric projects. 

Chinese consortium wins EPC contract for Pakistan's 720-MW Karot hydroelectric project


A consortium that includes the Yangtze Three Gorges Technology & Economic Development Co. and China Machinery Engineering Corp. has been awarded a US$1.277 billion engineering, procurement and construction contract for Pakistan's 720-MW Karot hydropower plant.

“Ebola-free” Liberia resumes US$230 million rehabilitation project at 64-MW Mount Coffee hydroelectric facility


Rehabilitation and upgrade work was suspended at the 64-MW Mount Coffee hydroelectric facility near Monrovia, Liberia, on the Saint Paul River in early August 2014, following the Ebola epidemic that killed more than 4,600 people.  

Brazil's Aneel to auction operating concessions for 6 GW-worth of hydroelectric power capacity


Brazilian power regulator Agencia Nacional de Energia Eletricqa (Aneel) has announced it will hold an auction in September for six lots of hydropower plants totaling close to 6 GW of cumulative generating capacity.

Wall of Honor deadline approaching


In April 2011, PennWell Corp. company officials decided to create the Wall of Honor, a traveling memorial that lists the names of past and present members of the United States military. The Wall of Honor is an 8 feet tall by 10 feet wide vertical panel designed to spark remembrance, reflection and respect for all who serve or have served in the U.S. armed forces. 

Gravity Renewables acquires Vermont's Nantanna Mill small hydropower plant


Small hydro developer Gravity Renewables has completed the acquisition of the 222-kW Dog River hydropower project, giving the Colorado-based company its second plant in Vermont.

Canadian government shows continued support for hydropower


The history of hydropower is almost as old as Canada itself, and this clean electricity source is a responsible choice, according to Kelly Block, parliamentary secretary to the Minister of Natural Resources.

EBRD announces financing for Georgia's 280-MW Nenskra hydropower plant


The European Bank for Reconstruction and Development has agreed to provide US$200 million for Georgia's 280-MW Nenskra hydropower plant.

Hydropower leads investments in power generation in the Americas, report says


The major power generation sector in which major economies in the Americas will invest is hydropower, according to a report released by Timetric’s Construction Intelligence Center.

European Commission awards grant for Fortum-led wave energy research


Finnish utility Fortum has received a US$19.12 million grant from the European Commission's Horizon 2020 program for a five-year wave energy research and development initiative.

SunEdison adds South American hydroelectric power to portfolio


SunEdison Inc. has completed a deal that includes the acquisition of five renewable energy project portfolios and several corporate platforms, giving the U.S.-based developer its first hydroelectric power interests in Brazil.

French department seeks operation, maintenance of dams, hydro plants


The Pyrenees-Orientales Department of France seeks bids for operation, monitoring and maintenance of dams and hydroelectric plants in the department.

Orkney marine hydrokinetics test sites prepare to use hybrid EMECOFS


Wave and tidal energy research test facilities that the European Marine Energy Centre (EMEC) operates in Orkney, Scotland, will utilize a hybrid operational forecast system (OFS) to manage its marine hydrokinetics (MHK) operations, making the system an EMECOFS. 

Green bonds and traditional funding combine to finance hydroelectric projects


As funding needs increase for all types of hydroelectric and additional renewable energy infrastructure -- so called green projects -- money from municipalities and federal jurisdictions may likely combine with green bonds from private investors to complete project-finance. 

GDF Suez announces corporate rebranding, becomes ENGIE


French utility and global hydropower plant operator GDF Suez has announced it has changed its name to ENGIE.

Yurkovich steps down from role as Site C manager for BC Hydro


Susan Yurkovich, executive vice president, Site C Clean Energy Project for BC Hydro, resigned her position Wednesday, according to multiple news sources.

Karot in Pakistan to be first hydropower project financed by China’s Silk Road Fund


The 720-MW Karot hydropower project in Pakistan will be the first project financed by China’s $40 billion Silk Road Fund, according to The New York Times.

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