Swedish state utility Vattenfall said March 5 it plans to invest 650 million crowns (US$91.4 million) to increase generation at its 158-MW Akkats hydropower plant in northern Sweden.
The plant has been operating at 85 percent capacity ever since an accident damaged the facilities and the plant’s turbine in 2002.
“Therefore Vattenfall has decided to rebuild the power plant,” the firm said.
If it receives regulatory approval, Vattenfall said it plans to begin the five-year construction project at the plant on the Lule River during the spring of 2008. Vattenfall said the investment would increase production by 25 gigawatt-hours to 590 GWh.