China ups pumped hydro storage capacity
Under this system, water is pumped from a lower elevation reservoir to a higher elevation by using low cost, off-peak power production such as wind power during the night to run the pumps, and is released to generate power when demand peaks during the day or when electricity prices are higher.
The State Grid started building a 1.2 GW pumped storage hydropower plant in southern Jiangxi province, the first phase of a planned 2.4 GW capacity expansion that will have a total cost of about 5 billion yuan US $732.3 million.
China had only 14.55 GW of pumped storage hydropower capacity at the end of 2009, according to the State Grid.
China's total power generating capacity was 874 GW at the end of 2009.
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The CIB and private sector partners to invest $1.7 billion in Lake Erie Connector
TORONTO - The Canada Infrastructure Bank (CIB) and ITC Investment Holdings (ITC) have signed an agreement in principle to invest $1.7 billion in the Lake Erie Connector project.
Under the terms of the agreement, the CIB will invest up to $655 million or up to 40% of the project cost. ITC, a subsidiary of Fortis Inc., and private sector lenders will invest up to $1.05 billion, the balance of the project's capital cost.
The CIB and ITC Investment Holdings signed an agreement in principle to invest $1.7B in the Lake Erie Connector project.
The Lake Erie Connector is a proposed 117 kilometre underwater…
