Nakano, Japan and Benesov, Czech Republic – 31 December 2015 – .  Mavel, a.s. (“Mavel”) announced the commissioning in 2015 of two hydroelectric power plants utilizing Mavel turbine technology in the central Honshu region of Japan.

Jerome, ID and Boston, MA – 28 April 2015.  Mavel Americas, Inc. (Mavel) announced the first installation of the company’s proprietary TM Modular Micro Turbine (“TM Turbine”) in the Americas.  Eight Mavel TM Turbines have been successfully commissioned at North Side Canal Company’s (“North Side”) Head of the U Project near Jerome, Idaho with production at levels 6% above expectations.

Benešov, Czech Republic – 15 November 2015.  Mavel, a.s. announced the delivery of five turbines and related equipment for the 24.3 MW Polotskaya Hydroelectric Project (“Polotskaya HPP” or the “Project”) located on the West Dvina River in the Republic of Belarus.  The Project is owned by RUE Vitebskenergo and financing was provided by the Eurasian Development Bank.

Benesov, Czech Republic – 31 December 2015 – .  M a v e l, a.s. (“Mavel”) announced the commissioning of the Libechov III hydroelectric power project (“Libechov III HPP”) a new hydroelectric development on the Labe River 37 kilometers north of Prague in the Central Bohemian Region of the Czech Republic.