FFP New Hydro LLC, a US-based developer of new hydroelectric projects on existing dams, and AECOM subsidiary AECOM Capital have created a new Joint venture company to develop and build six hydropower projects on the Muskingum River in southeastern Ohio.
The new venture - Muskingum River Hydro LLC - will advance the development of these projects to construction and commercial operation. The projects will represent a potential investment of more than $100 million in Ohio, with each project expected to create 100 to 150 jobs during construction, as well as continued staffing and service employment during operations.
The six projects, four of which have received Federal Energy Regulatory Commission (FERC) licenses, are expected to generate a total of 23MW. The facilities will be added to existing lock and dam structures owned and operated by the Ohio Department of Natural Resources.
The projects are expected to start construction in 2017 and commence operations by 2018.
