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Mandiri Investment Management, Armstrong Assest to invest in Indonesian hydropower

Singaporean fund management firm Mandiri Investment Management will be investing in the hydropower sector of Indonesia. The firm has entered into a co-investing partnership with private equity fund Armstrong Asset Management to develop mini hydro-electric power plants. Mandiri Investment Management is an offshoot of Indonesia’s Mandiri Investasi. Mandiri Investasi, currently manages about $2 billion in various mutual funds...

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Floating tidal current turbines to be installed in Canadian waters

Siemens business Marine Current Turbines Ltd., Bluewater Energy Services B.V., and Minas Energy cooperate to install first of its kind tidal turbine in Canada’s Bay of Fundy. Under the project, M.C.T. and Bluewater have agreed to jointly develop a 2 megawatt floating tidal current turbine, called SeaGen F. The turbine will be the first of its kind to be installed in Canada’s Bay of Fundy, in cooperation...

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Alstom, Inria joint laboratory to work on hydroelectric power

French conglomerate Alstom has signed a five-year partnership agreement with public research body Inria for a joint laboratory which will work on advancements in the field of hydroelectric power. Under the agreement, their five-year partnership will lead to the development of a joint laboratory specializing in distributed systems, modeling, and simulation. Joint projects to be...

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Lockheed Martin, Atlantis developing 1.5 MW tidal turbine

Lockheed Martin and Atlantis Resources Ltd. are joining forces to develop the next generation of tidal energy devices. Lockheed Martin has announced that they have commenced a contract to optimize the design of Atlantis’ new 1.5 megawatt tidal turbine, the AR 1500. Tidal turbines work much like wind turbines but are installed underwater. Instead of the wind, it is the ebb and flow of the tides...

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Romanian HydroPower Energy Summit 2014

The most important event dedicated to the Romania’s hydro energy sector, The Romanian Hydro-Power Energy Summit 2014, took place last week in Bucharest, Romania. Organized by GOVNET Conferences, the conference approached the most pressing issues in this energy sector which accounts for 30 percent of the electricity production in Romania and which has a huge growth potential. The first of the...

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Alstom to provide turbines to a hydropower plant in Georgia

A consortium led by French multinational conglomerate Alstom was awarded a $41 million contract to equip a hydropower plant in Georgia with turbines. The contract, with Alstom’s share worth at around $27 million, is to equip the Shuakhevi hydropower plant in Georgia with two 89.3 megawatt vertical Francis turbines, along with other pieces of equipment. Under the contract, Alstom will be in charge of the...

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RusHydro modernizes operations with 9 new hydro units installed in 2013

Russian hydroelectric company RusHydro commissioned 9 modernized units with a combined capacity of 737 megawatts in 2013, with expenditures exceeding $947 million. RusHydro’s comprehensive modernization program, which also covers the modernization of turbines and generators under its scope, includes large-scale reconstruction of hydro-mechanical and electrical equipment, as well as the re...

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Australia, O.P.T. ink $66.5 million grant agreement for wave power station

Ocean Power Technologies and the Australian Renewable Energy Agency, or ARENA, have signed a new agreement for a $66.5 million-grant which will be used for a 62.5 megawatt peak-rated wave power station. This new agreement is based on an earlier grant agreement back in June, 2013, given by the Commonwealth of Australia through ARENA to the Victorian Wave Partners. The new agreement includes...

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Alstom to supply equipment to Brazil’s hydropower plant

Alstom will be supplying additional equipment to a hydropower project in Brazil – the Santo Antonio hydro plant. Alstom has signed a contract to supply additional equipment to Santo Antonio, a hydropower plant located in the Maderia River in the North of Brazil. The Santo Antonio is considered one of the largest hydropower plants in Brazil. The equipment and services to be provided by Alstom...

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Minsesto underwater kite generates power in low velocity currents

Marine power company Minesto’s underwater kite, Deep Green, has successfully produced electricity in low velocity currents – the first time a tidal device has worked in such conditions. The tidal device Deep Green works by converting energy from tidal stream flows into electricity through a principle that is somewhat similar to the posture of a wind kite. The device, which consists of a wing and a turbine, is a...

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