Fort Chicago announced that it has completed the purchase of a 100 percent interest in Northbrook New York LLC, which owns the 33-MW Glen Park hydropower generation plant in upstate New York.
The aggregate purchase price paid was approximately US$80.1 million, including working capital at closing, and was financed from existing bank credit facilities, Fort Chicago reported.
The Glen Park run-of-river hydro project is located on the Black River in upstate New York.
Calgary-based Fort Chicago is a publicly traded limited partnership that owns and operates energy infrastructure assets across North America.
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