Energy & Power
17.5MW Northwest Stave River hydro facility begins commercial operation
February 25, 2014 ByAlyssa Dalton
February 25, 2014 – Innergex Renewable Energy has begun commercial operation of the 17.5MW Northwest Stave River run-of-river hydroelectric facility located in British Columbia.
“We are pleased to have commissioned our 25th hydroelectric facility, reinforcing our leadership position among independent power producers in British Columbia,” said Michel Letellier, Innergex president and CEO. “This project was realized thanks to the support and collaboration of the Douglas and Kwantlen First Nations, with whom we enjoy solid relations. Today we are seeing additional benefits of the Cloudworks acquisition completed in 2011.”
The 17.5MW Northwest Stave River hydroelectric facility is located on Crown land, approximately 50km north of Mission, B.C. Construction began in 2011 and was completed in early December 2013. Commissioning of the facility began at that time and the COD certificate has now been approved by BC Hydro with an effective commissioning date of December 18, 2013.
Northwest Stave’s average annual production is estimated to reach 63,300MWh, enough to power more than 5500 BC households, noted Innergex. In its first full year of operation, it is expected to generate revenues and adjusted EBITDA of approximately $7 million and $6 million respectively. All electricity produced is covered by a 40-year fixed-price power purchase agreement with BC Hydro, which was obtained under the province’s 2008 Clean Power Call Request for Proposals.
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