The sale of the interest through initial public offering is in line with the government's plan to raise $7.3bn by divesting shares.

Commenting on the sale, Power Ministry official said the government is planning to offer 5% discount to retail investors during the stake sales.

THDC India, established in 1988, is a joint venture between Government of India and Uttar Pradesh State to develop, operate and maintain the 2,400MW Tehri hydro power project.

Currently, THDC has around 1,400MW installed capacity, besides three projects of 1,468MW that are under construction.

New Iberdrola unit now Galicia's biggest hydro plant

Spanish utility Iberdrola officially unveiled its new 177MW San Esteban II hydroelectric plant in Galicia on Wednesday.

/ PRNewswire Africa / - The African Development Bank and the Government of Malawi (GoM) signed two grants amounting to UA 6 million (about US $9 million) on May 23, for budgetary support and a Hydroelectric Power Plant Feasibility Study. The US $6 million additional Crisis Response Budgetary Support follows the initial US $39 million provided in July 2012 to support Malawi's reforms aimed at restoring macroeconomic stability and enhancing public finance management, as well as support social protection measures.

/ PRNewswire Africa / - The African Development Bank and the Government of Malawi (GoM) signed two grants amounting to UA 6 million (about US $9 million) on May 23, for budgetary support and a Hydroelectric Power Plant Feasibility Study. The US $6 million additional Crisis Response Budgetary Support follows the initial US $39 million provided in July 2012 to support Malawi's reforms aimed at restoring macroeconomic stability and enhancing public finance management, as well as support social protection measures.

By TIOL News Service

NEW DELHI, MAY 23, 2013: AS per the re-assessment studies carried out by Central Electricity Authority (CEA) during 1978-1987, the hydro power potential in terms of Installed Capacity (I.C.) is estimated at 148701 MW out of which 145320 MW of the potential consists of hydro electric schemes having I.C. above 25 MW.

The sale of the stake through initial public offering (IPO) is in line with government's plan to achieve a divestment target of INR400bn ($7.2bn).

Northern Ireland, May 22 -- The Department of Finance and Personnel issued the following press release:

Finance Minister, Sammy Wilson, today officially switched-on the new hydro electricity power generator at All Children's Integrated Primary School in Newcastle.

PERTH-based energy giant SSE has launched a claim likely to total tens of millions of pounds against German construction company Hochtief regarding a rockfall that halted generation at its Glendoe hydroelectric scheme near Loch Ness for three years.

ENP Newswire - 23 May 2013

Release date- 21052013 - TORONTO - Tomorrow, Toronto Hydro-Electric System Limited will celebrate the start of construction on its new downtown transformer station.

MOSCOW. Russian hydropower company RusHydro said it has received the first payment under its contract with Nigeria's Mainstream Energy Solutions to manage and upgrade two hydropower plants in Nigeria with the aggregate capacity of 1.3 GW.

Attempting to ensure adequate power for the state, the West Bengal Government is all set to initiate a survey work for setting up hydel projects in areas bordering Bhutan and has zeroed in on two locations in the State's Jalpaiguri district with power generation capacities of 122 MW and 56 MW respectively. In this connection, the state government has already approached the Centre to obtain necessary clearances. If it gets the go ahead, this will be the West Bengal State Electricity Distribution Company's first overseas project as an implementing agency. In fact, the government plans to back the distribution company in setting up a 550- MW hydel power station on the Amochu river in the neighboring country and is also keen to evolve the possibilities of setting- up similar hydel power projects in Bhutan. NHPC is already carrying out similar projects in Nepal and Bhutan and recently completed a 60- MW project in Bhutan and another 14.1- MW project in Nepal.

RusHydro subsidiary RusHydro International AG has signed a contract with Nigeria's Mainstream Energy Solutions Ltd (Mainstream Energy) of Nigeria for management services with respect to two hydropower plants in Nigeria, RusHydro said in a statement.

Photo and Interview Opportunity

TORONTO, May 22, 2013 /CNW/ - Today, Toronto Hydro-Electric System Limited (Toronto Hydro) will celebrate the start of construction on its new downtown transformer station. This is the first station built in the downtown core by Toronto Hydro since 1955 and will provide electrical service to buildings and neighbourhoods in the central-southwest region of Toronto.

Provincial Minister of Khyber Pakhtunkhwa for Energy & Power, Irrigation and Public Health Engineering Engr. Younas Khan Marwat has shown his optimism that hydropower resources of the province are the cheap source of producing electricity which could be helpful for the solution of current energy crisis in the country.

HAPPY VALLEY-GOOSE BAY, N.L. - A native group that has protested the Muskrat Falls hydro project in Labrador has pulled out of the environmental review for a major transmission link.

New Delhi: India's state-run hydro power generating firm NHPC Ltd Thursday said that it has commenced commercial operations from its 132 megawatt plant at Teesta in the Sikkim state and can now supply electricity to the national grid.

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that it has received the first payment under agreement between RusHydro International AG (subsidiary of RusHydro), and Mainstream Energy Solutions Ltd (Mainstream Energy) of Nigeria, for management services in regard of two hydropower plants in Nigeria. The service agreement is signed for five years with potential extension. RusHydro will not provide any financing for the project.

The recovery in Switzerland's hydroelectricity reservoirs from their seasonal trough slowed in week 20.

Swiss hydro stocks gained 0.9 percentage points week on week to 18.6% of potential reservoir capacity, according to data from federal energy office BFE. This is the slowest rate of increase since reservoirs hit their low point this year at 8.8% in week 15.

Turboatom, the largest turbine manufacturer based in Kharkiv, has manufactured turbogenerator unit No.19 for the Kama hydroelectric power plant (Perm Territory, Russian Federation), a spokesman for the enterprise has told Ukrainian News Agency.

The seasonal refill of Nordic hydroelectricity stocks continued to close the year-on-year gap last week, although reservoirs are still emptier than at the same time in 2012.