Business

American Electric Power Co. (AEP) is one of five winners of the AEIC Achievement Award for 2019, presented by the Association of Edison Illuminating Companies, for its Byllesby Battery project. The AEIC Achievement Awards are presented annually to individuals or groups of individuals from AEIC member companies or committees who have clearly provided significant contributions...
Rehabilitation and Repair

Peru’s energy and mines ministry has granted Nueva Esperanza Hydro the definitive concession for increasing capacity at a hydroelectric complex in Peru’s southeast Puno region. According to BNamericas, the company submitted the concession request for 102.1-MW Anto Ruiz III and 103.8-MW Anto Ruiz IV in March 2018. The proposal will increase capacity of Anto Ruiz...
Environmental

Darrel T. Anderson is president and chief executive officer of IDACORP and Idaho Power. In this role, he has a focus on sustainability, defined as “sound and enduring financial, environmental and social stewardship.” Idaho Power has 17 hydroelectric projects with a total capacity of 1,709 MW as the core of its generation portfolio, on the...
New Development

Africa50, Colas, Jovena and SN Power have signed a shareholder’s agreement to develop the 120-MW Volobe hydropower project on the Ivondro River in Madagascar. Under the terms of the agreement, the partners commit to co-develop the hydropower plant by acquiring equity in Compagnie Générale d’Hydroélectricité de Volobe (CGHV), the company running the project. The shareholding of...
Business

The New York Power Authority (NYPA) has hired Yves Edouard Noel, a business strategist, to serve in the new position of senior vice president, strategy and corporate development. NYPA says it is “ramping up its effort to focus on long-range planning and help New York State achieve its ambitious clean energy goals.” Noel is a...
Business

There’s always more to the story. At Clarion Energy, we say that POWERGEN International 2019 is Nov. 19-21 in New Orleans, La., in the U.S. That’s true for the PGI summit sessions, exhibits, Knowledge Hubs and networking opportunities. On Monday, Nov. 18, the week truly begins with a whole day of POWERGEN University courses offered at the Ernest N....
Business

Ontario Power Generation (OPG) has finalized the acquisition of Cube Hydro Partners and Helix Partners (collectively Cube Hydro), an owner and operator of small and medium-sized hydropower facilities in the northeast and southeast U.S., from I Squared Capital, an infrastructure-focused private equity firm. Eagle Creek Renewable Energy, which OPG acquired in November 2018, and Cube...
Business

Fortum has today agreed to pay €2.3 billion (US$2.5 billion) to increase its stake in European utility Uniper to 70.5%. Finland-headquartered Fortum had previously held a 49.9% share in Uniper since 2017 and has since wanted to increase it to a controlling stake. This is a move Uniper had previously strongly resisted – to the...
Business

The Asian Development Bank (ADB) has signed a $37 million loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5-MW peak floating photovoltaic (PV) solar facility on the man-made reservoir of DHD’s existing 175-MW Da Mi hydropower plant. The project marks the first large-scale installation...
Business

The California Independent System Operator (ISO) reports that the Bonneville Power Administration (BPA) has signed an implementation agreement to join the Western Energy Imbalance Market (EIM). Under the agreement, BPA will join the Western EIM in 2022. “We see BPA’s participation in the Western EIM as the natural next step in a collaborative partnership that...