Gatineau, Quebec, Aug 2, 2007 — Brookfield Power announced that it has concluded an agreement with Finch Paper LLC to acquire a hydroelectric facility in Glens Falls, New York for an undisclosed purchase price.
Located on the Upper Hudson River, the run-of-river facility has a total installed capacity of 12 megawatts (MW) and produces approximately 60 gigawatt hours (GWh) of energy annually. The energy produced by the facility will be sold under a long-term contract with the Glens Falls paper mill that is owned by Finch Paper LLC.
The transaction closed on August 1, 2007.
For more news and exclusive features from Utility Automation & Engineering T&D and Electric Light & Power online, please click here.