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Tag: Modernize

Rio Tinto Investing $1.2 Billion to Modernize Quebec Hydropower Plant

May 17, 2025
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Global mining giant Rio Tinto said it will invest $ 1.2 billion to modernize a hydroelectric power plant in Quebec, Canada. The company on May 15 said the project is part of its bid to secure future aluminum production in the Canadian province. The money will pay for upgrades to the Isle-Maligne hydropower plant, which was commissioned in 1926 in Alma, Quebec.

The post Rio Tinto Investing $ 1.2 Billion to Modernize Quebec Hydropower Plant appeared first on POWER Magazine.

Isle-Maligne hydropwer - Stantec

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DOE Injects $430M to Revitalize, Modernize U.S. Hydropower Fleet

September 7, 2024
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| Industry News

The Department of Energy (DOE) has selected 293 hydroelectric projects across 33 states that will receive up to $ 430 million in incentive payments for capital improvements directly related to grid […]

The post DOE Injects $ 430M to Revitalize, Modernize U.S. Hydropower Fleet appeared first on POWER Magazine.

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