New Development

Meridiam has signed a concession contract with the government of Gabon for the 34-MW run-of-river Kinguele Aval hydropower plant. Located on the Mbei River, 100 km east of the capital city of Libreville, the Kinguele Aval Hydropower Project will deliver about 13% of the electricity needs of Libreville. This power plant will help replace thermal...
New Development

Paul Jacob is president and chief executive officer of Rye Development. The company is focused on developing new low-impact hydropower and energy storage in the U.S., with two potential pumped storage hydropower sites in the pipeline in Oregon and Washington. It is working to develop 22 conventional hydro projects in six states: Kentucky, Louisiana, Mississippi,...
Finance

IFC, a member of the World Bank Group, and a consortium of other lenders have finalized a $453 million debt financing package that will support the construction of a 216-MW hydroelectric plant in central Nepal. Operation of the Upper Trishuli-1 plant will increase Nepal’s electricity supply by one-third from today’s levels and provide clean, reliable...
New Development

The International Hydropower Association announces it has published a how-to guide for hydropower developers and operators that aims to increase knowledge and understanding of benefit sharing in project development. The How-to Guide on Hydropower Benefit Sharing will help decision-makers identify and deliver socioeconomic benefits to communities, while assisting companies to avoid business risks and improve...
New Development

Entidad Binacional Yacyreta (EBY) announces it has signed two contracts related to work on the 3.2-GW Yacyreta hydro project on the Parana River between Argentina and Paraguay. One is the electromechanical equipment supply contract for the 270-MW Aña Cua powerhouse with Voith Hydro Ltda. The total amount of the contract is US$99,689,577.84. The work includes...