New News information at International Water Power New and updated information from News listed on en-us New News information at International Water Power European Commission approves funds for pumped storage project in Finland by <br/> <br/> The European Commission has approved, under EU State aid rules, a €26.3 million Finnish aid measure to support Suomen Energiavarasto Oy (SEVO) in the construction of an underground hydroelectric pumped storage facility. The measure will increase the share of renewables in Finland's electricity generation in line with the EU's European Green Deal objectives. At the same time, it will help reduce dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan. Tue, 06 Dec 2022 11:04:00 GMT Rio Tinto completes Kemano hydropower project by <br/> <br/> Rio Tinto has commissioned a second tunnel to carry water into the Kemano Powerhouse in British Columbia, Canada, marking completion of the 960MW Kemano T2 hydropower project. Mon, 05 Dec 2022 13:57:00 GMT L&T Construction wins contract on Indian pumped storage plant by <br/> <br/> The Heavy Civil Infrastructure Business of Larsen & Toubro has secured an order from renewable energy firm Greenko group for development of an off stream pumped storage project in Madhya Pradesh, India. Mon, 05 Dec 2022 13:56:00 GMT Transmission line that will transport hydro from Canada to US breaks ground by <br/> <br/> Construction work has started on a major transmission line project that will carry 10.4TWH of clean hydroelectricity generated in Québec, Canada, to New York City in the US. Mon, 05 Dec 2022 10:36:00 GMT IHA CEO says COP27 hasn't gone far enough by <br/> <br/> Following the conclusion of COP27, CEO of the International Hydropower Association Eddie Rich issued a statement in which he said he was ‘disappointed with the outcome’. Thu, 01 Dec 2022 11:10:00 GMT Sunshine Hydro and Energy Estate in new JV by <br/> <br/> Australian companies Sunshine Hydro and Energy Estate have formed a new joint venture with a goal to develop large scale pumped storage projects in Victoria that will be integrated with green hydrogen production. Thu, 01 Dec 2022 11:01:00 GMT Quidnet Energy gets federal funding for geomechanical pumped storage project by <br/> <br/> Quidnet Energy is to receive $10 million in funding from the US. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) for work on a project using its geomechanical pumped storage (GPS) for long-duration energy storage. Wed, 30 Nov 2022 11:37:00 GMT African Development Bank approves €125 million loan for Cahora Bassa modernisation by <br/> <br/> A project that is set to extend the life of the Cahora Bassa hydroelectric project in Mozambique has received a funding boost as the African Development Bank Group agrees a loan deal with Hidroeléctrica de Cahora Bassa (HCB). Wed, 30 Nov 2022 10:42:00 GMT Waimea Water gives update on dam construction project by <br/> <br/> Construction work on the Waimea Community Dam in New Zealand is now approximately 80% complete, with 11 months and $40 million of spend remaining, Waimea Water has reported in its quarterly update. Tue, 29 Nov 2022 11:27:00 GMT Pumped storage project set to benefit from a share of UK government funding by <br/> <br/> A pumped storage project is one of five energy storage projects across the UK that is set to benefit from a share of over £32 million government funding in the second phase of the Longer Duration Energy Storage (LODES) competition. Tue, 29 Nov 2022 10:20:00 GMT