The average annual electricity generation of the plant will amount to 890GWh. The first hydropower units will come online in 2018. The estimated cost of the project is RUR29.8 billion (ex VAT), including transmission infrastructure. RusHydro will seek project financing for the hydropower plant.
RusHydro to develop Nizhne-Kureyskaya hydropower projectFriday, February 17, 2012
Acta divests Italian photovoltaic business
Solgen is a joint venture company formed to undertake EPC photovoltaic installation contracts in Italy.
The sale is expected to be completed within the next four weeks, subject to certain completion conditions including the transfer of the JV participation to Fedi Impianti by notary act.
The disposal when completed will generate a non-cash profit for Acta and cash payment of approximately €150,000 in outstanding receivables at completion.
Acta divests Italian photovoltaic businessWildhorse Energy, Hungary partner for Mecsek Hills Uranium Project development
Jointly, the Mecsek Hills Uranium Project has a JORC compliant Inferred resource of 48.3Mt at 0.072 percent U3O8 for 77Mlbs of U3O8 and a total JORC Exploration Target of a further 55-90Mlbs of U3O8 with a grade range of 0.075-0.10 percent ('U3O8').
ITM Power, Logan Energy form clean fuel partnership in Scotland
ITM Power and Logan Energy will jointly tender for hydrogen energy storage and clean fuel projects in Scotland and Logan Energy will undertake all project management and after sales support for any plant installed under the agreement. By signing this agreement the two companies intend to maximize the local supply chain for Scottish projects.
Scotland is a key location for renewable energy having some of the best wind resources in the world. The deployment of energy storage is now seen as key to the effective utilization of renewable energy plant and will be a critical component of the future energy grid.
ITM Power, Logan Energy form clean fuel partnership in ScotlandMustus, Lockheed Martin team-up to develop La Crete biomass facility
The La Crete biomass project, which will be developed by Mustus Energy with Lockheed Martin's support in procuring materials, equipment and other required services, will provide enough energy when complete to power over 30,000 Canadian homes.
Lockheed Martin also will manage the construction of the plant, which is planned to commence this spring.
The biomass facility is expected to begin commercial operations by the fall of 2013, and will provide base-load electrical power to the Alberta grid.
Mustus, Lockheed Martin team-up to develop La Crete biomass facilitySiemens unveils new wind service center in Woodward, Oklahoma
Siemens is involved in a number of wind projects across the state of Oklahoma. The OU Spirit wind project (formerly Keenan I), developed by CPV Renewable Energy Company and now operated by Oklahoma Gas & Electric (OG&E), includes 44 SWT-2.3-93 wind turbines. With the 101-MW OU Spirit wind farm, the University of Oklahoma (OU) plans to use 100 percent renewable energy by 2013.
Siemens unveils new wind service center in Woodward, Oklahoma
Siemens unveils new wind service center in Woodward, Oklahoma
Exelon-Constellation merger receives NRC approval for license transfer
NRC approval was required prior to merger closing due to the upstream change in ownership of Constellation Energy Nuclear Group (CENG) - the joint venture of Constellation and Electricite de France that owns the NRC-licensed nuclear units--that would result from the companies’ proposed merger.
Exelon-Constellation merger receives NRC approval for license transfer
Exelon-Constellation merger receives NRC approval for license transfer
SDG&E adds more renewable energy to green portfolio
The first of the new agreements is a 20-year contract to purchase 100MW from Manzana Wind, a 189MW wind power facility currently under construction in the Tehachapi region near Rosamond, California. Manzana Wind, is a subsidiary of Iberdrola Renewables.
SDG&E adds more renewable energy to green portfolioOrmat bags geothermal power plant project from GDC in Kenya
The award is the result of an international tender for the design, manufacturing, procurement, construction and commissioning of the six-megawatt geothermal well head power plant. The Menengai geothermal field is located near Nakuru, about 180km west of Nairobi.
Geothermal resources in Kenya, within the Rift Valley, have an estimated potential over 10,000MW spread across 14 prospective sites. GDC was created in 2008 for the specific purpose of accelerating the development of geothermal in Kenya.
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