AltaGas wins environmental nod for 70 MW hydropower project

Toronto, June 11, 2012 — AltaGas Renewable Energy Inc, part of Canadian company AltaGas, won an environmental assessment certificate for the up-to-70-MW McLymont Creek run-of-river hydroelectric project in British Columbia.

The developer secured an electricity purchasing agreement for the $213 million scheme from BC Hydro in November 2011, which calls for a start-up of the facility in November 2015.

The certificate includes project design features, mitigation activities and 44 conditions that AltaGas Renewable Energy should meet during different project phases, the provincial government said Saturday.

The assessment report prepared by British Columbia's Environmental Assessment Office and the Canadian Environmental Assessment Agency met the requirements both of the province's Environmental Assessment Act and a screening-level review under the Canadian Environmental Assessment Act.

The project remains subject to securing the required provincial and federal licenses, leases and other permits.

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