A few months ago, in my normal course of work looking for news on hydropower worldwide, I came across a rather fascinating story.
The World Bank Group has signed a loan agreement to provide US$22.5 million to Nepal to help the Asian country implement its Power Sector Reform and Sustainable Hydropower Project.
A US$144,000 grant from think tank Innovate UK will be used by a group led by manufacturer Your Hydro to develop a new modeling and visualization system for hydroelectric turbines.
A multibillion dollar plan that would have seen Russian companies construct five hydropower power plants in Kyrgyzstan has been revoked by the Kyrgyz parliament.
RP Global has received loans totaling €15.5 million (US$16.9 million) to build the 10-MW Vilar do Monte small hydropower plant in northern Portugal.
In southeast Europe, there are 1,355 greenfield hydropower plants either being planned or having entered operation since 2005, according to a recently released report.
The African Development Bank has approved at least US$138 million in financing for the Ruzizi 3 hydropower project.
A call has been issued for an international consulting company to carry out the pre-investment technical design study for the 360-MW Carrizal hydro plant in Bolivia.
The benefits pumped storage has to offer are such that its value is soaring as energy systems move toward cleaner forms of electricity generation. Pumped hydro is consequently attracting significant global investment.
BC Hydro has completed the upgrade/refurbishment of its 2,730-MW G.M. Shrum hydro generating station, at a cost of $272 million.