Renewable cogeneration project announced by Nova Scotia Power, NewPage

April 5, 2010

Source: NewPage Corporation

Nova Scotia Power Inc. and NewPage Port Hawkesbury Corp. announced agreements to develop a new 60 MW biomass co-generation facility.

The development entails an NSPI investment of $200 million. This includes $93 million in construction costs for new facilities, $80 million to purchase assets from NewPage, and other related costs. NewPage will be responsible for the construction and operation of the co-generation facility and be completely responsible for fuel supply. This project remains subject to regulatory approval from the Nova Scotia Utility and Review Board and is targeting an in-service date of late 2012.

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