Innergex Renewable Energy, on Oct. 27, commissioned its C$92 million (US$87.2 million) 21.2 MW Tretheway Creek hydroelectric facility located near Harrison Hot Springs, British Columbia, Canada.
Tretheway Creek is a run-of-river project on Crown land 50 km north of Harrison Hot Springs. Construction began in 2013 and the project is expected to annually generate 81 GWh, delivered to BC Hydro under a 40-year fixed-price contract obtained under British Columbia's 2008 clean power call for proposals.
"We are pleased to have commissioned our 34th facility, reinforcing our leadership position among independent power producers in British Columbia and, indeed, in Canada, with a gross installed capacity totaling more than 1,200 MW,” said Michel Letellier, Innergex Renewable Energy president and chief executive officer.
In its first full year of operation, it is expected to generate revenues and Adjusted EBITDA of just under C$8.7 million and $7.2 million respectively.
Innergex Renewable Energy signed an agreement in August 2014 with the In-SHUCK-ch Nation to develop six run-of-river hydroelectric projects totaling 150 MW in British Columbia. In June 2014, Innergex and Desjardins Group Pension Plan acquired the 30.5-MW Sainte-Marguerite 1 hydropower plant in Quebec from the Hydromega Group.