Construction of Austrian hydroelectric plant

The Tyrolese Hydroelectric Power Co., a joint-stock company of which the majority stock is held by the City of Innsbruck, has obtained a loan of $3,000,000, for the development of its Achensee power plant. This loan will enable the development of 70,000 horse power by 1927 and it is planned that the plant will eventually be enlarged to develop 100,000 horse power. The power generated will be sold to the Federal Railways for the Kufstein-Innsbruck line, to existing neighboring industries, and to the City of Innsbruck for such requirements as the municipal power plant is unable to accommodate. — (Trade Commissioner Elbert Baldwin, Vienna.)