Untitled Document

Innergex closes deal on Miller Creek, Brown Lake hydropower facilities

Canadian power developer Innergex Renewable Energy Inc. has completed its acquisition of the 7.2-MW Brown Lake and 33-MW Miller Creek hydropower plants.

HydroWorld.com reported in June that Innergex had signed a purchase and sale agreement with former owner Capital Power Corporation, which sold the plants for US$68.6 million.

Utility company BC Hydro had a chance to purchase the Miller Creek hydroelectric facility but waived its right of first refusal.

Innergex says it plans to double the capacity of the Brown Lake project with an investment of about $20 million. Currently, the plant -- which was commissioned in 1996 near Prince Rupert -- operates under a 20-year power purchase agreement with BC Hydro that expires in 2016.

Meanwhile, the company says it plans to spend about $8.5 million to upgrade the penstock and water intake at Miller Creek. Power produced at Miller Creek is also sold to BC Hydro under a 20-year power purchase agreement that expires in 2023, although BC Hydro holds two consecutive five-year renewal options.

Related Articles

Kim Ogren: Graduating Researcher of the Hydro Research Foundation

Kim Ogren is a PhD candidate in Geography at Oregon State University in Corvallis, Ore., and...

Manitoba Hydro CEO Scott Thomson stepping down

Manitoba Hydro's Scott A. Thomson has announced he will step down as president and CEO of th...

Manitoba Hydro again extends call for turbine-generators at Canada's 78-MW Pointe du Bois hydro project

Canadian utility Manitoba Hydro again extended the deadline for proposals to design, supply ...

BC Hydro seeks wildlife mitigation, monitoring for Canada's 1,100-MW Peace River Site C hydro project

Canadian utility BC Hydro seeks bids to provide wildlife mitigation and monitoring services ...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

06/01/2015
Volume 34, Issue 5
05/01/2015
Volume 23, Issue 3

Buyers Guide Products