Ohio firm plans hydro plant in Maryland
BLOOMINGTON, MARYLAND - An Ohio company plans to make electricity from the rushing waters of the Potomac River's North Branch.
The Federal Energy Regulatory Commission held meetings on the proposal by Fairlawn Hydroelectric Company. The company wants to build a 13.4-megawatt hydroelectric plant near the base of the Jennings Randolph dam near Bloomington. That's enough electricity to power about 13,000 homes.
The $25 million project would divert some of the water released from the dam by the Army Corps of Engineers into a two-story powerhouse 60 feet long and 40 feet wide.
Fairlawn is a subsidiary of Advanced Hydro Solutions, based in Fairlawn, Ohio. The company has other projects planned or under development in North Carolina, Ohio, Pennsylvania and West Virginia.
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Hydro-Québec puts global ambitions on hold as crisis weighs on demand
MONTREAL - COVID-19 is forcing Hydro-Québec to pull the plug on its global ambitions — for now.
Quebec’s state-owned power generator and distributor has put international mergers and acquisitions on hold for the foreseeable future because of the COVID-19 crisis, chief financial officer Jean-Hugues Lafleur said Friday.
Former chief executive officer Éric Martel, who left last month, had made foreign expansion a key tenet of his growth strategy.
“We’re in revision mode” as pertains to acquisitions, Lafleur told reporters on a conference call. “I don’t see how Hydro-Québec could take $5 billion now and invest it in Chile because we have an investment…
