Benešov, Czech Republic – 30 November 2012. Mavel, a.s. announced the successful commissioning of the Grodnenskaya Hydroelectric Power Project (“Grodnenskaya HPP”) in October 2012. Mavel signed a contract to provide turbines and related technology for the low head greenfield project located in the Republic of Belarus in July 2009. Financing was provided by the Czech Export Bank.
Benešov, Czech Republic – 21, November 2012. Mavel, a.s. (“Mavel”) announced the successful commissioning of three additional hydroelectric power projects (HPPs) utilizing Mavel turbines on the Nakdong River in South Korea. The three projects – Gangjeong HPP, Nakdan HPP and Hapcheon HPP – were part a group of five projects awarded to Mavel and announced originally in 2010. The other two projects were commissioned in late 2011.
Benešov, Czech Republic and Las Vegas, Nevada – 5 March 2012. Mavel, a.s. (“Mavel”) and the Marseilles Land & Water Power Company (“MLWC”) announced the signing of a contract under which Mavel will provide four Pit Kaplan turbines for the new Marseilles Hydroelectric Power Plant (“Marseilles HPP”) on the Illinois River, in Marseilles, Illinois. MLWC received a license from the Federal Energy Regulatory Commission (“FERC”) in December 2011. The contract was signed in January 2012.