Business & Finance

Brayman Construction appoints Piedimonte president and COO

Frank A. Piedimonte, P.E., is now president and chief operating officer of heavy civil and geotechnical contractor Brayman Construction Corp. 

Gallo to succeed Frank as president and CEO of hydro equipment manufacturer Voith Hydro

Bob Gallo, current executive director of the Voith Corporate Service Center in North America, will succeed Kevin Frank as president and CEO of hydro equipment manufacturer Voith Hydro in York, Pa. 

Gravity Renewables, Skidmore College partner for hydroelectric power deal

Small hydroelectric power developer Gravity Renewables Inc. has partnered with New York's Skidmore College in an agreement that will enable the university to meet 18% of its energy needs with power generated at the Chittenden Falls hydropower facility. 

IFC gains equity stake in Indonesia's 180-MW Asahan 1 hydropower project

A US$280 million loan facility has given the International Finance Corporation a minority equity stake in energy producer Bajradaya Sentranusa (BDSN), supporting the operation of the 180-MW Asahan 1 hydropower project in Indonesia.

Austria firms to sell stake in developer Energy Eastern Europe Hydro Power

Vienna utility Wien Energie GmbH and its Austrian partners invite expressions of interest to purchase from 49 percent to 100 percent of Balkans hydropower developer Energy Eastern Europe Hydro Power GmbH.

Four groups bid to build Argentina's 637-MW Chihuido 1 hydro project

Argentine officials from several agencies opened financial proposals October 8 from four consortia bidding to construct the 637-MW Chihuido 1 hydroelectric project on the Neuquen River in Argentina's Neuquen Province.

U.S. awards hydro project funding to four Indian tribes

The federal Office of Indian Energy and Economic Development has awarded $1.9 million to four Indian tribes for hydroelectric projects, including acquisition of 194-MW Kerr Dam in Montana.

David Appleyard

Oil players looking to renewables

Recent news that the heirs to the Rockefeller oil fortune are to divest some of their interests in fossil fuels in favour of clean technology indicates a significant change has taken place in the investment market lately.

Innergex closes financing for Canada's 21.2-MW Tretheway Creek hydro project

Innergex Renewables Energy Inc. has closed C$92.2 million (US$87.2 million) in financing for the 21.2-MW Tretheway Creek hydro project in British Columbia.

Montana PSC issues final order approving PPL sale of 11 hydro plants to NorthWestern Energy

The Montana Public Service Commission issued its formal final order approving PPL Montana's sale of 11 hydroelectric plants totaling 663 MW to NorthWestern Energy.

Hydro Industry Financials

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