Santiago, Chile Construction of European power firm GDF Suez’s 35-MW Laja run-of-river hydro plant in Chile’s region VIII is on track, with the plant projected to come online in 2012, according to company officials.
The facility will be managed by GDF Suez subsidiary Eolica Monte Redondo.
Costs of the project are expected to hit US$112 million, with the European Investment Bank extending around US$84 million in financing.
In other small hydro news, Veresen Inc has completed a $114.9 million deal with Enmax Corp to acquire a portfolio of small hydroelectric facilities and development projects in British Columbia, Canada.
The assets acquired from Enmax include a 99 percent interest in the 11-MW Furry Creek hydroelectric facility, 100 percent interest in two 11-MW Clowhom hydroelectric facilities and a 50 percent interest in the 15-MW Culliton Creek small hydro project.