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  1. Hydroelectric Power : Alcoa tops $210M in revenues for power sales from NC dams

      RALEIGH, N.C. (AP) — Alcoa Inc. has generated more than $210 million in revenues by closing a North Carolina factory that once employed 1,000 workers and selling the hydroelectric power that once powered the factory's production. Alcoa reported to federal regulators this week that its four dams on the Yadkin River dams generated 928,000 megawatt hours of electricity in the year ending in September, a nearly 80 percent increase over the previous year. The dams powered an aluminum smelter for generations before Alcoa closed it in 2007. The company announced in 2010 that the factory wouldn't reopen. Wholesale price data provided by energy information company Platts on Tuesday means the dams would have generated revenues of about $20.7 million over the 12-month period. Those electricity sales might be more valuable depending on how much was sold during peak Monday-through-Friday hours. An Alcoa spokesman did not respond to emails asking why power production increased in the most recent period. Republican Gov. Pat McCrory and his Democratic predecessor, Beverly Perdue, have for years fought Alcoa's efforts to renew its federal operating license for the dams, arguing the company shouldn't be allowed to sell the hydropower after initially promising the river's waters would create high-paying jobs. Still, the Federal Energy Regulatory Commission in September issued Alcoa a new license allowing the central North Carolina dams to keep generating electricity for sale until 2055. The commission last week decided it would hold further hearings into the contested license. The holder of the operating license largely determines how much water to release from the dams on the state's second-largest river system, which provides drinking water for many of North Carolina's 10 million residents. The state believes inexpensive energy generated by the dams also could generate thousands of jobs in an otherwise underdeveloped region, but would lose the opportunity to influence that growth with FERC's renewal. Alcoa announced in July it planned to sell the dams to a Maryland company that specializes in running clean-power projects. That sale to Cube Hydro Partners, for an undisclosed price has not been finalized.

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    Thu, 1 Dec 2016

  2. Bolivia soliciting prep bids for 254-MW Ivirizu hydroelectric plant

    Bolivian power generator Electrica Valle Hermosa is now soliciting bids for advance work on the 254-MW Ivirizu hydroelectric power complex.

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    Fri, 2 Dec 2016

  3. Neptune Marine Services expands into US

    Neptune Marine Services, a provider of specialized engineering, integrated inspection, repair and maintenance solutions to the energy industries, has opened a new office in the US.

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    Fri, 2 Dec 2016

  4. Pressure on rates, competition impact Topaz’s vessel revenues

    Topaz Energy Marine Services’ revenues for the first nine months of this year were down 21.2% compared with the same period last year.

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    Fri, 2 Dec 2016

  1. Statoil begins Mariner production drilling in UK North Sea

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    Fri, 2 Dec 2016

  2. Columbia Basin Development League honors Richard Lemargie, hydropower advocate

    On Nov. 29, the Columbia Basin Development League announced it presented awards recognizing area leaders who have played key roles in the development of the Columbia Basin Project (CBP), including Richard Lemargie of Lemargie, Kenison, Wyman & Whitaker, a privately held law firm in Ephrata, Wash.  

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    Fri, 2 Dec 2016

  3. First unit commissioned at India’s 120-MW Pulichinthala hydroelectric project

    Bharat Heavy Electricals Limited (BHEL) announced it has commissioned the first of four units at the 120-MW Pulichinthala hydroelectric project.

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    Thu, 1 Dec 2016

  4. IHA seeks nominations for two hydropower awards

    The International Hydropower Association is seeking nominations for its Mosonyi Award for Excellence in Hydropower and its Young Researcher Award.

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    Thu, 1 Dec 2016

  5. Indian state allots 95 small hydropower projects for development

    The Himachal Pradesh Cabinet has allotted 95 small hydropower projects with overall capacity of 197.695 MW for development.

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    Wed, 30 Nov 2016

  6. Call for abstracts issued for Marine Energy Technology Symposium

    Abstracts are now being accepted for the 5 th annual Marine Energy Technology Symposium (METS), which takes place May 1-3 at the Capital Hilton Hotel in Washington, D.C.

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    Wed, 30 Nov 2016

  7. Eagle Creek acquires 19 MW of hydroelectric generation through the purchase of the Worumbo Facility

    Worumbo is a 19 megawatt run-of-river hydroelectric generating facility on the Androscoggin River in Lisbon Falls, Maine.

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    Thu, 1 Dec 2016

  8. Kenya Plans its First Nuclear Power Plant

    The proposed 1,000-MW plant, due to enter service in 2027, is expected to help both the reliability and affordability of Kenya’s power grid.

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    Wed, 30 Nov 2016

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