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.

The developer of a 600MW hydro project that would span Peruvian regions Amazonas and Cajamarca has hit a delay in the environmental permitting process, BNamericas has learned.

"The International Hydropower Association (IHA) 2013 World Congress" opened here Wednesday, to explore ways in which hydropower will continue to make a significant contribution to the future by advancing sustainable hydropower.

Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 10th largest electric company by market capitalisation, decreased 66.0 Kopeck (or 1.1%) to close at RUB61.96, ending a two-day streak of rises. In the Russian market of 180 stocks traded today, the stock has a 6-month relative price strength of 18 indicating it is trailing 82% of the market. Compared with the MICEX Index, which fell 50.3 points (or 3.5%) on the day, this was a relative price change of 2.4%.

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.

TORONTO, May 22, 2013 /CNW/ - Today, Toronto Hydro-Electric System Limited (Toronto Hydro), celebrated the start of construction on its new downtown transformer station. Located near the historic John Street Roundhouse north of Lakeshore Boulevard, it was officially named Clare R. Copeland Transformer Station today and is the first station built in the downtown core by Toronto Hydro since 1955. When in service, it will provide electricity to buildings and neighbourhoods in the central-southwest region of Toronto. The majority of the station will be built underground and will preserve the historical railroad building called the Machine Shop.

Clare R. Copeland served Toronto Hydro as the Chairman of the Board of Directors from 1999 to 2013. The new transformer station pays tribute to his dedication and guidance to Toronto Hydro during his 14 years of service.

Bangladesh, May 23 -- Bangladesh, India and Bhutan will jointly construct cost-effective hydropower projects in Bhutan for mutual benefits, a top official said.

Three neighbouring countries in South Asia have, for the first time, agreed to move jointly to utilize the hydropower potential of hilly country of Bhutan, he said last Tuesday.

A joint working group (JWG) of the three countries held talks in Dhaka last month and expressed the view in favour of implementing the cost-effective hydropower projects for meeting the demand for electricity in all the three countries, said the official.

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.

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).

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.

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.

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.

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.

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.

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.