International Water Power & Dam Construction

🌊 Explore the December Issue of International Water Power & Dam Construction! 🚀 While the January issue is on its way to subscribers, dive into the developments featured in our December edition: 🔹 Insights from ANCOLD Chair Angus Swindon 🔹 Facing up to climate change in Australia and New Zealand 🔹 Flood control infrastructure redesign for a changing climate 🔹 Investigating the value of multi-use reservoirs in the US 🔹 Potential for storage-fed irrigation at hydroelectric dams 🔹 How AI enhances dam and hydropower inspections 🔹 The transformative role of drones in plant inspections 🔹 Learn how Satelytics' AI and satellite tech assisted during hurricanes Helene and Milton 🔹 Sustainable construction with Kühtai 2 in Austria Volvo Construction Equipment 🔹 Collaboration and expertise in turbine overhauls at Maentwrog 🔹 Exploring the global potential of floating solar projects 📖 Don't miss out—check out the full stories now and stay ahead on the latest in hydropower, dams, and sustainable innovations! 🌟 👉 https://lnkd.in/eN2hCZYY

The U.S. Department of Energy (DOE) has announced the approval of a $15 billion loan guarantee to Pacific Gas and Electric Company (PG&E) to fund clean energy initiatives, including hydropower generation, battery energy storage, and transmission upgrades. The announcement came just before Donald Trump resumes the presidency. The loan, awarded under the Biden administration’s Investing in America agenda, is part of the DOE’s Energy Infrastructure Reinvestment (EIR) programme. PG&E, a natural gas and electric utility serving Northern and Central California, submitted its application in June 2023. The funds will support Project Polaris, which aims to address forecasted energy demand, enhance grid reliability, and reduce costs for PG&E’s 16 million customers. This marks the first EIR project to reach financial close under the DOE’s Title 17 Clean Energy Financing Programme. By offering loans at lower interest rates than traditional financing, the DOE intends to minimise upward pressure on electricity costs for consumers. Read more: https://lnkd.in/eDR4Wk3m #hydropower #hydroelectric #funding

Ukrhydroenergo and the European Bank for Reconstruction and Development (EBRD) will continue their collaboration in 2025, following significant progress in their joint efforts in 2024. The EBRD reported record investments of €2.4 billion for Ukraine last year, which included a €200 million financing package for Ukrhydroenergo. This package comprises a €100 million loan from the EBRD and a €100 million concessional loan from the Italian government, aimed at addressing the impact of ongoing shelling and attacks on Ukraine’s energy infrastructure. The financing stems from a loan agreement signed on 17 February 2024 between Ukrhydroenergo and the EBRD to support the Emergency Rehabilitation of Hydropower Plants project. The deal also involves cooperation with Italy’s Ministry of Economy and Finance, represented by Cassa Depositi e Prestiti S.p.A. A Guarantee Agreement was signed between the governments of Ukraine and Italy and the EBRD. The funding will enable Ukrhydroenergo to purchase critical equipment for the Dnipro and Seredniodniprovska hydroelectric power plants and ensure the company’s financial stability. Read more: https://lnkd.in/eEtxv6ZD #hydropower #hydroelectric #financing

Indian Renewable Energy Development Agency Limited (Ireda) has entered into a joint venture with SJVN LIMITED, GMR Energy Ltd., and Nepal Electricity Authority (NEA) to develop the 900MW Upper Karnali Hydropower Project in Nepal. The agreement outlines plans for the project's construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model for a 25-year term starting from its Commercial Operation Date (CoD). The agreement was signed in New Delhi in the presence of senior officials from the participating organizations. “This agreement marks a significant step towards realizing our collective vision of sustainable energy development in the region,” said Shri Pradip Kumar Das, CMD of IREDA. “By leveraging hydropower's vast potential, the Upper Karnali project will serve as a model of cross-border collaboration, delivering both economic and environmental benefits.” The initiative aims to strengthen energy security and boost renewable energy development in the region. #hydropower #hydroelectric #agreement

Aker Solutions has been awarded a contract by Statkraft to supply electromechanical equipment for the new Svean hydropower plant near Trondheim, Norway. The project aims to modernize the facility and improve energy efficiency. Aker Solutions will supply key components for the project, including turbines, generators, control systems, cooling and drainage systems, high-voltage equipment, and transformer refurbishments. Installation is set to start in February 2026, with project completion expected by the end of 2027. Read more: https://lnkd.in/em64yXuQ #hydropower #francisturbines #hydroelectric

Aurecon has announced Gabe Carter as its new Chief Executive for Asia, effective 1 March 2025. Carter will join the company’s Group Executive Leadership Team and relocate from Thailand to Singapore. He will oversee the operations of 2,100 employees across nine locations in the region. Current Asia Chief Executive Stephane Asselin will transition to the role of Senior Advisor, where he will focus on client management and strategic market development in collaboration with Andrew Maher, Aurecon’s Chief Client & Growth Officer. Read more: https://lnkd.in/emeXtttF #asia #engineering #appointments

Skanska has secured a NOK 507 million contract with Statkraft to construct the new Svean power plant in Klæbu, Trøndelag County, Norway. The agreement is part of Skanska’s order bookings for the Nordic region in the first quarter of 2025. The project involves building a new hydroelectric power plant near the existing Svean facility, which has been operational since 1940 and requires significant rehabilitation. The current plant will remain operational for most of the construction period. The new facility will be located inside the mountain, with Skanska responsible for all building-related work. This includes excavating 1.6km of tunnels and reusing a 3km transfer tunnel from Selbusjøen to Svean. A new intake will also be constructed in Selbusjøen. Construction will begin in January 2025, with completion anticipated by December 2027. Read more: https://lnkd.in/emcAMNA9 #hydropower #hydroelectric #construction

Statkraft and Suomen Voima Oy have finalized a 15-year power purchase agreement (PPA), starting in January 2025. The deal involves an annual volume of approximately 100 GWh of electricity, sourced from Statkraft’s Bjurfors Nedre hydropower plant and Björkhöjden wind farm. Both facilities are located in Sweden’s SE2 bidding area, marking Suomen Voima’s first PPA in the country. The agreement leverages two energy production methods, enhancing Suomen Voima’s energy portfolio. Bjurfors Nedre, operational since 1959, has a capacity of 78 MW and generates approximately 400 GWh annually. Half of this PPA’s volume, about 50 GWh per year, will come from this hydropower plant. Read more: https://lnkd.in/eYJXDpTD #hydropower #electricity #ppa

⚒ Welcome to this week's edition of International Water Power & Dam Construction's regular newsletter 👉 Invite your colleagues and connections to the International Water Power & Dam Construction group, a network of industry professionals on LinkedIn, for daily updates on the sector. 👉 Follow International Water Power & Dam Construction for daily news updates and regular project spotlights #hydropower #hydroelectric #pumpedstorage