International Water Power & Dam Construction weekly newsletter 22/11/2023
International Water Power & Dam Construction
IWP&DC provides technical insight behind the news headlines for the global dam construction and hydropower industry
Thordon Bearings' water-lubricated bearings address leakage issues in European hydropower plants
Two European hydropower plant operators have turned to Canada’s Thordon Bearings Inc. to replace bearings on their Francis turbines, citing issues with oil leakage from their original metal bearings.
Bilfinger to work on expansion of Kruonis pumped storage plant, Lithuania
Bilfinger is supporting energy company Ignitis Gamyba to expand the Kruonis pumped storage hydroelectric plant in Lithuania. The project, in conjunction with Voith Hydro, aims to fortify Lithuania's independent energy supply and aligns with the region's commitment to integrate into the European power grid by the end of 2025.
Historic milestone as Copco No. 2 dam removal wraps up
The KLAMATH RIVER RENEWAL CORPORATION (KRRC) has announced that removal of the Copco No. 2 Dam was successfully completed earlier this month. The completion of this project marks a crucial step in the restoration of the Klamath River canyon, allowing consistent river flows for the first time in nearly a century.
Innergex secures $185.5 million financing for three unlevered hydro assets
Innergex has successfully closed a $185.5 million non-recourse project financing, including 179.9 million in term loans at an effective interest rate of 6.14%, along with a $5.5 million reserve facility, with The Canada Life Assurance Company.??The funds will primarily be allocated to a portfolio of unlevered Canadian hydropower facilities.
HydroWing unveils tidal energy project in Wales
Tidal energy technology firm HydroWing Ltd has recently secured a contract for a 10MW tidal stream energy initiative in Wales.
FirstLight announces change in leadership, Justin Trudell named President and CEO
FirstLight Power is set for a leadership transition with the departure of its President and CEO, Alicia Barton, effective December 1, 2023. Stepping into the role is the current Chief Operating Officer, Justin Trudell, known for his extensive experience and successful tenure leading operations at FirstLight.
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BC hydro to stay on schedule for reservoir filling at Site C
BC Hydro has confirmed that the commencement of reservoir filling for the Site C dam project in Canada is slated to stay on schedule, with the process set to kick off in 2024 as originally planned.
US DOE’s Water Power Technologies Office announces $9.5 million funding opportunity to enhance hydropower flexibility
In a move to bolster the adaptability of hydropower and optimize its integration with variable renewable energy resources, the US Department of Energy's (DOE) Water Power Technologies Office (WPTO) has unveiled a $9.5 million funding opportunity. The initiative aims to advance strategies that will enable hydropower to better navigate the fluctuations in resources such as wind and solar within the power system.
Expression of interest open for Borumba pumped hydro project's largest exploratory works package
Queensland Hydro has officially opened the Expression of Interest (EOI) phase for the Underground Works - Tunnel Drilling package, marking a crucial milestone in the progress of the Borumba Pumped Hydro Project. This initiative invites contractors to express their interest in participating in the largest exploratory works package associated with the project.
Nordic Investment Bank funds Kemijoki Oy's hydro investments in Finland
The Nordic Investment Bank (NIB) and Kemijoki Oy have inked a significant deal, signing a 15-year €50 million loan to bolster Kemijoki Oy's hydropower initiatives in northern Finland from 2023 to 2027.
Pumped storage: powering a sustainable future
In an exclusive Q&A, Richard Herweynen, Technical Director at Entura, delves into the significance of pumped storage in enabling the clean energy transition, its economic advantages, and its promising role in a world increasingly reliant on renewable energy sources.