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Hydroelectric

Mitsui & Co to acquire 20% stake in Brazilian hydro project for €2.2bn

Japanese conglomerate Mitsui & Co is set to acquire 20% stake in 3,750MW Jirau hydro power plant in Brazil from electric utility firm GDF SUEZ on an equity value of BRL5.7bn (€2.2bn). Following this...

German bank to grant $23.5m for revival of two hydro projects in Mozambique

German development bank Kreditanstalt fur Wiederaufbau (KfW) said it will grant funds of $23.5m power to the company Electricidade de Mozambique (EdM) to re-develop two hydro projects. The funds to renovate 38.4MW Chicamba and...

SSE to invest £30m for hydro project following Scottish government’s consent

UK-based energy generation company SSE is set to invest £30m to develop its 7.5MW Glasa hydro-electric project in Ardross, Ross-shire following the clearance from Scottish government. The development comes after the developer stated that...

Tenaga Nasional collaborates with IBM for $235m hydro project in Pakistan

Malaysia-based electric utility firm Tenaga Nasional Bhd (TNB) Remaco has collaborated with US technology company IBM to develop its $235m hydroelectric plant in Pakistan. IBM will provide its assistance through its asset management software...

EDF to install Ventyx solution software at its 435 hydropower projects in France

Global energy company Électricité de France (EDF) has signed an enterprise license agreement with software solution provider Ventyx to install its management software across EDF's 435 hydro projects in France. In addition, the software...

China Hydroelectric completes sale of 30MW project in $44.3m deal

Renewable energy projects developer China Hydroelectric has completed the sale of its 30MW Yuheng hydro project in RMB279m ($44.3m) deal. The acquisition agreement for project located in Fujian province was struck in October 2012....

Suweco secures $24m credit facility from BDO Unibank for hydro project

Philippines-based renewable energy producer Sunwest Water and Electric Company (Suweco) has secured PHP1bn ($24.1m) credit facility from BDO Unibank for its 8MW hydropower project. The run-of-river Villasiga hydropower plant located in Barangay Igsoro, Bugasong...

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