Moldova criticizes Ukrainian projects of hydroelectric power stations.

Moldova criticizes Ukrainian projects of hydroelectric power stations.

The intention of Ukraine to build the range of the hydroelectric power stations at Dniester River that will become the part of the united Dniester hydroelectric complex is the stumbling block in the relations between Kyiv and Kishinev as AVA.MD explained in the article. ‘The Prime Minister of Moldova Pavel Filip and the Ukrainian Prime Minister Volodymyr Groysman […]

Mitsui to sell First Hydro stake.

Mitsui to sell First Hydro stake.

Mitsui & Co has agreed a deal to sell its stake in First Hydro, the company which operates the Ffestiniog and Dinorwig pumped storage power stations in North Wales. First Hydro is wholly owned by IPM Holdings (UK), a joint venture between Mitsui and ENGIE. Its power stations provide back-up capacity to the National Grid […]

Water shortage saps Verbund profit as hydropower hit.

Water shortage saps Verbund profit as hydropower hit.

Austrian energy group Verbund said its second-quarter core profit fell 20 percent, more than expected, mainly due to low water supply, which led to a fall in hydropower, and lower earnings in its grid unit. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 188.4 million euros ($220.97 million) in the three months through […]

Seven steps to boost hydro in France identified in white paper.

Seven steps to boost hydro in France identified in white paper.

Seven steps that could boost the hydropower sector in France have been identified in a white paper commissioned by three French energy associations, the International Hydropower Association (IHA) has reported. The paper – Hydropower at the crossroads: giving new momentum to the number one renewable energy – was published in late June by the Union Francaise de […]

EIB earmarks US$4 million for rehabilitation at hydropower plants in Georgia.

EIB earmarks US$4 million for rehabilitation at hydropower plants in Georgia.

As part of a US$285 million loan package to Georgia, the European Investment Bank (EIB) earmarked $4 million of the funds for application to rehabilitation at two hydropower projects in the former Soviet state, according to an EIB press release today. Engurhesi Ltd. (Engurhesi) is the state-owned company responsible for operating the facilities; the 1,250-MW […]

Agreement on operation of Gabčíkovo is invalid, arbitration decided.

Agreement on operation of Gabčíkovo is invalid, arbitration decided.

The Vienna International Arbitral Centre rejected the claim of Slovenské Elektrárne. The agreement for operating the hydroelectric power plant at Gabčíkovo has been judged to be invalid since the very beginning and so the Slovenské Elektrárne (SE) energy utility company cannot lay claim to any financial compensation, said Prime Minister Robert Fico at the premises […]

Kyrgyzstan, Czech company sign deal to kick-start stalled hydropower Project.

Kyrgyzstan, Czech company sign deal to kick-start stalled hydropower Project.

Kyrgyzstan has signed a deal with a Czech company specializing in renewable energy to take over a hydropower project that the government sees as key to ambitious plans to export electricity to Afghanistan and Pakistan. President Almazbek Atambayev’s office said in a statement on July 10 that the Kyrgyz government has reached an agreement with Železný Brod-based […]

Turkey denies adverse impact of damming.

Turkey denies adverse impact of damming.

Turkey claims figures from its own research show no environmental fallouts as a result of its excessive dam building Despite evidence to the contrary, Turkish Ambassador in Tehran Reza Hakan Tekin has denied assertions that his country’s excessive damming and development of hydropower plants have severely reduced water flow to neighboring Iraq and Syria. Citing […]

Fortum received positive administrative court decision in Sweden on hydro production related real estate tax for the years 2009–2014.

Fortum received positive administrative court decision in Sweden on hydro production related real estate tax for the years 2009–2014.

The administrative court in Stockholm, Sweden, has on 30 June 2017 given its decisions related to Fortum Sverige AB’s hydro production related real estate tax assessments for the years 2009–2014. The court decisions were in Fortum’s favour. The tax authority may appeal the decision. The disputed amount for the five years was a total of 510 […]

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