German utility E.ON has agreed to sell its 527 MW Terni hydroelectric power complex to Genoa-based ERG Power Generation S.p.A.
The Terni complex includes 16 individual hydropower plants; a pumping station; seven large dams; the Salto, Turano and Corbara reservoirs; 22 weirs; and 155 kilometers of channels and tunnels. The assets are located in Italy's Umbria, Lazio and Marche regions, drawing waters from the Nera, Velino and Tiber rivers.
Financial details were not disclosed by E.ON, though the deal is still subject to approval by the Italian Antitrust Authority and the completion of mandatory notifications and consultations procedures with relevant trade unions. The deal is expected to close before the end of the year.
HydroWorld.com reported that E.ON had awarded a contract to Voith to modernize a generator at the 440-MW Waldeck 2 pumped-storage project in Germany last August.
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