Vattenfall to spent $1.93 billion modernizing hydropower

Stockholm, Sweden, April 25, 2012 — Vattenfall will invest about $1.93 billion into modernizing and increasing production in its hydroelectric plants until 2013.

Among the biggest of Vattenfall's projects is refurbishment of the Storuman hydropower plant, which will see an increase in production of 8 GWh per year after two new turbines are installed. The Storuman refurbishment will cost about $40 million and will begin in 2014.

Other facilities will receive more efficient turbines and generators that will provide more energy from current water volumes. Already this year, Vattenfall has completed a $148.5 million investment in the 158-MW Akkats hydroelectric plant.

The company says hydropower accounts for about 20 percent of its total electricity generation and 41 percent of Sweden's total supply.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs