Innergex starts operations at 49.9 MW Kwoiek Creek hydro facility
The facility is expected to generate 223,400 MWh annually, enough to power more than 20,000 homes.
Innergex Renewable Energy
LONGUEUIL, Que. – Innergex Renewable Energy Inc. has begun operations at its 49.9 megawatt Kwoiek Creek run-of-river hydroelectric facility in Lytton, BC.
Innergex holds a 50% stake in the Kwoiek Creek Resources Ltd. partnership and is responsible for the management of construction and operation of the facility. The Kanaka Bar Indian Band holds the remaining 50% interest.
The facility is located partly on Crown lands and partly on reserve lands, approximately 14 km south of Lytton, BC. Construction began in 2011 and was completed in early December 2013. While commissioning of the facility started then, the partnership and BC Hydro amended an agreement to clarify stipulated production levels, which are subject to approval by the British Columbia Utilities Commission.
Once the approval is received, BC Hydro will accept the COD Certificate with an effective commissioning date of January 1, 2014 for the Kwoiek Creek facility.
Kwoiek Creek’s average annual production is estimated to reach 223,400 megawatt-hours, enough to power more than 20,000 BC households. In its first full year of operation, it is expected to generate revenues of $18 million and Adjusted EBITDA of $15 million.
The electricity it produces is covered by a 40-year fixed-price power purchase agreement with BC Hydro, which was obtained under the 2006 Call for Tenders for clean energy and which provides for an annual adjustment to the selling price based on a portion of the Consumer Price Index.
Innergex Renewable Energy Inc. is an independent renewable power producer founded in 1990 that develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar farms. It has 31 operations in BC, Ontario and Quebec and in the US that have an aggregate net installed capacity of 654 megawatts.