Canadian Hydro Awarded 45 MW of Power Contracts in B.C.

Calgary, Canada [] Canadian Hydro Developers, Inc. has been awarded one 20-year and three 40-year Electricity Purchase Agreements from BC Hydro for the supply of 44.55 megawatts (MW) of electricity from hydroelectric projects. The power will come from the 20 MW Bone Creek, 9.95 MW Clemina Creek, 9.6 MW Serpentine Creek and 5 MW English Creek Hydroelectric Projects. The first three will generate an aggregate estimated 150,000 MWh per year of green power — enough to power 21,000 households. The anticipated capital cost of these projects is $90 million. Pending regulatory approvals and financing, construction is scheduled to commence in the summer of 2007, with completion expected by the fourth quarter of 2009. The English Creek Hydroelectric Project will generate an estimated 20,000 MWh per year of green power — enough to power 2,800 households. Capital cost projections for this project are $10 million.
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