|
|
Article: United States: Algonquin Power & Utilities Corp. Announces Acquisition of Hydroelectric Generation Assets.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: prashant03
Algonquin Power & Utilities Corp. (TSX:AQN) is pleased to announce that it has entered into definitive agreements with Integrys Energy Services Inc. and its subsidiaries to purchase certain electrical generating facility assets, most notably 36.8MW of hydroelectric generating capacity located in New Brunswick and Maine.
Pursuant to the Purchase Agreements, Algonquin Power and Utilities Corp. and its subsidiaries ("Algonquin") have agreed to acquire, through the purchase of shares and assets, three hydroelectric generating stations including the 34.5MW Tinker Hydroelectric station located on the Aroostook River near the Town of ...