Hydro Ottawa has been awarded a 40-year power purchase agreement that will allow for a 29 MW expansion of the Chaudiere Falls hydroelectric plant.
The agreement, authorized by the Ontario Power Authority (OPA) this past week, will effectively double the hydropower project's capacity to a cumulative output of 58 MW.
"Investing in clean, sustainable and innovative growth opportunities with our customer top-of-mind is paramount for Hydro Ottawa," President and CEO Bryce Conrad said. "This exciting expansion project will provide reliable, clean electricity for the province for years to come while contributing to sustainable energy production and job growth in Ottawa."
Hydro Ottawa's renewable energy subsidiary, Energy Ottawa, applied for the contract under the OPA's Hydro Electric Standard Offer Program (HESOP) Municipal Stream in November 2013.
The company said it plans to begin construction of the expansion in 2015.
"Waterpower is a vital component of Ontario's clean energy mix," Ontario Minister of Energy Bob Chiarelli said. "The Chaudiere Falls facility will contribute to Ontario's clean, modern and reliable electricity system while creating local jobs and increasing revenue for Hydro Ottawa."
The US$46.3 million deal included three of seven hydroelectric plants located on the falls, a 38.3% share in the consortium that owns Chaudiere Falls Dam, and remaining water rights at Chaudiere Falls.
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