The federal government of US has cleared the 'Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act' into law to further boost the hydro power industry.
The new law signed by President Barack Obama was first proposed by US Senators of Wyoming and Idaho John Barrasso and Jim Risch, respectively, in the wake of unnecessary regulations blocking the development of small hydro projects.
Commenting on the event, Senator Barrasso said the bill is aimed at removing barriers to hydropower development, creating rural jobs and lowering electricity prices for American families.
"By cutting unnecessary Washington red tape, this law gives hydropower developers the certainty they need to move forward with new projects on over 40,000 miles of federal canals throughout the West," added Barrasso.
"I’ll continue to introduce legislation that removes excessive regulations and makes it easier for our country to produce our own energy."
With this law, the Congressional Budget Office (CBO) estimates to generate federal revenues of nearly $5m over the 2012-2021 period.