Canadian company Alterra Power has agreed a deal to buy water rights for four hydroelectric development projects from Sigma Engineering.
The agreement will see the Chusan, Powell, Eldred North and Eldred Southprojects come into Alterra’s hands and are just 20-30 kilometres from Toba Montrose and Jimmie Creek, Alterra’s existing projects and is expected to be concluded by the end of the year.
Each project is expected to have between 10 and 15MW of capacity and the projects may be eligible for power purchase agreements under British Colombia Hydro’s standing offer programme.
Alterra vice president Jay Sutton said: “Acquiring these projects gives us new expansion options in the Toba Valley where we will be operating nearly 300 MW of renewable generation once the Jimmie Creek project begins operating next summer.”
Image: Toba Montrose (Alterra)
