Toronto, Ontario, March 12, 2010 — Brookfield Renewable Power Inc. today announced that it has been selected for a 40-year power purchase agreement for its Kokish River Hydroelectric Project located on the northeast coast of Vancouver Island in British Columbia.
This agreement is a result of the BC Hydro 2008 Clean Power Call seeking new, renewable and cost-effective energy projects.
The Kokish River Hydroelectric Project is being developed by Kwagis Power, a limited partnership of the ‘Namgis First Nation and Brookfield Renewable Power.
The 45 MW run-of-river project is expected to generate about 185 GWh of clean, renewable energy annually — enough electricity to power about 15,000 homes — while providing significant local benefits.
The project, which is still subject to environmental and other approvals, has a planned commercial operation date of 2014.
“We’re very pleased to have been selected for this EPA and are excited to develop this project with our partners, the ‘Namgis First Nation,” said Richard Legault, President and CEO of Brookfield Renewable Power. “We look forward to working with our other stakeholders to make this project a reality, and to add to our renewable power operations in the province of British Columbia.”
Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities.