Rye Development receives FERC hydro license for $12 million run-of-river project
Written By: Stratton Report
May 11, 2016
On May 11, Rye Development announced the FERC had provided a hydropower license for the $12 million Kentucky Lock and Dam 11 Hydroelectric Project.
The project is owned and operated by the Kentucky River Authority. The Project was selected by FERC for its pilot program testing a new, 2-year hydropower licensing process that Congress mandated in the Hydropower Regulatory Efficiency Act of 2013.
The Project is expected to have a generating capacity of 5 MW. It underwent an extensive evaluation process that included environmental and technical studies and the development of an Environmental Assessment by FERC staff.
Ramya Swaminathan, CEO of Rye Development.observed:
“The implementation of this expedited process can help set the stage for increased development of new hydropower on existing dams throughout Kentucky and the United States. We are excited that we were able to assist FERC in building and testing the new licensing framework. We applaud the members of the Kentucky congressional delegation for their continued support for the development of hydropower on existing dams throughout the Bluegrass State.”
The Project is expected to start construction in 2017 and commence operations in 2018.
Rye Development is the manager of FFP New Hydro, LLC, which has a portfolio of 23 hydropower development projects with 13 FERC licenses on existing dams in PA, WV, OH, MS, KY, IN, and LA totaling over 260 MW.