Quebec renewable energy firm expects the acquisition to generate $82.9 million.
Picks up long-term electricity purchase agreements in place with BC Hydro for remaining periods of 32 to 39 years.
Company proposes two 135-megawatt hydroelectric projects upstream from Fort McMurray, Alta.
It will provide electricity to more than 12,700 BC households annually.
Mesgi’g Ugju’s’n will produce 515,000 MWh to power more than 30,000 Quebec households.
Northwest Stave River project will power more than 5,500 BC households annually.
The facility is expected to generate 223,400 MWh annually, enough to power more than 20,000 homes.
Huge 74-turbine installation can power 20,000 Quebec homes.