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Sprott Power sells hydropower assets

Sprott Power Corp. agreed to sell its partnership interests in several hydropower projects in northwestern British Columbia to its partner, Anyox Hydro Electric Corp.

The C$4.8 million sale includes the 30-MW Anyox Creek Hydroelectric Project and other nearby hydro assets. The deal was scheduled to close Sept. 30

“Our existing partner was in the best position to successfully develop these assets,” said Jeff Jenner, president and chief executive officer of Sprott Power. “The cash provided from this sale will be utilized to expand our project portfolio, as we continue to purchase renewable energy development and operational assets in North America.”

Jeff Wolrige, president of Anyox Hydro said the company is “very excited about owning these hydro projects, particularly with the anticipated demand for power as a result of the significant precious mateals mining renaissance in the immediate project area.”

Sprott Power is a developer, owner and operator of renewable energy.

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