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Iberdrola S.A. recently announced that it will build one of the largest pumped-storage hydropower plants in Europe by 2012.
The 850-megawatt (MW) Muela II Hydroelectric Power Plant will be added to the Cortes-Muela Hydroelectric Complex to increase pumping capacity from 555 MW to 1,110 MW and for the complex to reach a total power output of 1,260 MW.
The $304 million project began construction in March 2007 on the Jucar River in Spain.
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