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Article: United States: Teck to sell third of 490-MW Waneta Dam to BC Hydro.
- Article from:
- TendersInfo
- Article date:
- June 24, 2009
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Byline: prashant03
Teck Resources Ltd. has agreed to sell a one-third stake in its 490-MW Waneta Dam in British Columbia to province-owned utility BC Hydro for C$825 million (US$714.4 million).
The companies said June 17, 2009, that the non-binding agreement is subject to approval by the British Columbia Utilities Commission as well as to consultations with area First Nations.
Waneta Dam will provide BC Hydro and its ratepayers with a secure investment that has a long-term value -- complementing BC Hydro s existing heritage facilities with power that is clean, renewable, and reliable, BC Hydro President Bob Elton said.
Teck, a ...