Norwegian aluminium and renewable energy company Norsk Hydro ASA (<a href="https://live.euronext.com/en/product/equities/NO0005052605-XOSL" target="_blank">OSE:NHY</a>) today announced plans to build a NOK-1.2-billion (USD 115m/EUR 103m) pumped-storage power plant in Luster Municipality as part of a larger hydropower initiative at its Hydro Energy business.