Conduit Capital invests in Mexico’s 12-mw Benito Juarez
Conduit Capital Partners LLC, a New York-based equity investment firm, commits to invest US$9 million in the 12-mw Benito Juarez hydroelectric project being developed in Mexico.
“We have once again partnered with a proven local developer, Corporacion Mexicana de Hidroelectricidad (Comexhidro), whom we’ve worked with on three prior projects that have been completed on time and on budget,” Conduit Chairman J. Scott Swenson said. “This investment, coupled with Conduit’s existing hydroelectric assets, is the only portfolio of private hydroelectric generation assets in Mexico.”
US$28 million Benito Juarez is to be completed in 2008 in Oaxaca state. Customers are to include industrial companies that will buy power through long-term contracts in U.S. dollars or the equivalent.
New Delhi firm to develop projects totaling 28.3 mw
Super Hydro Electric (P) Ltd. (SHEPL) of New Delhi, India, expected to issue a call for tenders in the first quarter of 2007 for civil construction and electromechanical equipment for two small projects.
The projects are 4-mw Khirao Ganga and 24.3-mw Bhyunder Ganga, on tributaries of the Alaknanda River in Chamoli District in the state of Uttarakhand, formerly known as Uttaranchal, in India.
SHEPL expects to complete the projects in the second half of 2008.
For details, contact Shekhar Bhandari, SHEPL, E-mail: [email protected].
Dutch firm to supply controls to Maurik, Alphen
Imtech Infra b.v. of the Netherlands received a contract from N.V. Nuon Duurzame Energie to replace controls of the 10-mw Maurik and 14-mw Alphen hydroelectric projects in the Netherlands.
The contract, worth 1.137 million euros (US$1.45 million), calls for Imtech to replace the automation and control system of the two hydropower plants, each of which has fully automated powerhouses with four horizontal Kaplan turbines.
Maurik was built in 1988 at the Amerongen flood control dam. Alphen was built in 1989 at the Lith flood control dam.