Brookfield Renewable Power Inc. today announced that it has been selected for a 40-year Electricity Purchase Agreement (EPA) for its Kokish River Hydroelectric Project located on the northeast coast of Vancouver Island in British Columbia. This EPA 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 megawatt run-of-river project is expected to generate approximately 185 gigawatt hours of clean, renewable energy annually - enough electricity to power approximately 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."
About Brookfield Renewable Power
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. Its total portfolio includes more than 165 generating facilities with over 4,100 megawatts of capacity. It also has a significant hydroelectric and wind project pipeline. Brookfield Renewable Power's operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has more than US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power's website at www.brookfieldpower.com and Brookfield Asset Management's website at www.brookfield.com.
SOURCE: Marketwire
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