FERC News

The Federal Energy Regulatory Commission has issued a preliminary permit to Premium Energy Holdings LLC to study the feasibility of the proposed Intermountain Pumped Storage Project in Millard County, Utah. The closed-loop pumped storage project would have a capacity of 1,200 MW to 2,000 MW and consist of: Two new reservoirs, a lower reservoir upstream...
Pumped Storage Hydro

Australia’s Draft 2020 Integrated System Plan (ISP) published earlier this month, intended to be an “actionable” roadmap for the efficient development of the National Electricity Market, calls for more pumped hydro in the system. The Draft 2020 ISP, released by the Australian Energy Market Operator, uses forecasts of demand and generation retirements, scenario modelling and...
Business

Energias de Portugal (EDP) has agreed to sell a portfolio of six hydro plants in Portugal to a consortium of investors formed by ENGIE (40% of equity stake), Crédit Agricole Assurances (35%) and Mirova – Natixis Group (25%), in a transaction valued at €2.2 billion. The disposed hydro portfolio comprises 1,689 MW of installed capacity...
Business

By Rod Walton New Orleans is a glorious destination for those who want to eat great food, hear great music and have great conversations. It was no different when POWERGEN International was there over the third week in November. More than 10,000 attendees from around the world filled the Morial Convention Center to hear about...
Pumped Storage Hydro

Swedish-owned Ngonyezi Projects has entered into a non-consumptive water use agreement with Zimbabwe National Water Authority, which will see the installation of a 2,000-MWh Pumped Storage Hydro (PSH) facility and 300-MW floating solar PV plant. The location of the installation is Osborne Dam on the Odzi River in Manicaland Province. Storage is an essential part...
Finance

Genex Power Limited says that the Northern Australia Infrastructure Facility (NAIF) board has extended the date of its offer of long-term concessional loan funding for the 250-MW Kidston Pumped Storage Hydro Project to June 30, 2020. In a press release, Genex Chief Executive Officer James Harding says, “We are progressing the restructuring of the transaction...