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Great Lakes Hydro Income Fund commissions Cedar Dam generating station
Great Lakes Hydro Income Fund commissions Cedar Dam generating station.
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"\n\n\n\n\nSTOCK SYMBOL: GLH.UN/TSX\n\nGATINEAU, Dec. 22 /CNW Telbec/ - Great Lakes Hydro Income Fund\n(GLH.UN: TSX) today announced it has commissioned the 9 megawatt hydroelectric\ngenerating station located at Cedar Dam on the LiGevre River in Quebec.\nConstruction of the station, which consisted of the installation of two new\ngenerating units to the existing Cedar Dam facility, will provide power to\napproximately 2,500 homes, improving the reliability of the power system in\nthe region.\nIn addition, this project achieved the Fund's sustainable development\nobjectives. The design criteria for the project focused on the integration of\nthe present hydrological management model, the environmental resources as well\nas recreational and touristic infrastructures.\n\"We are proud to be involved in the region's economic development. The\naddition of a generating station at Cedar Dam will further the hydroelectric\npotential of the LiGevre River while providing positive benefits to the\nregion,\" said Normand Perreault, Vice-President, Quebec Operations.\nConstruction work started in November 2004 and was completed in two\nyears.\nThe estimated cost of the project is C$23.6 million. Power generated by\nthe station will be sold under a 20-year contract that will generate\napproximately C$1 million in incremental cash flow annually for the Fund.\n\n -----------------\n\nABOUT GREAT LAKES HYDRO INCOME FUND\n\nGreat Lakes Hydro Income Fund is a premier Canadian income fund and one\nof the largest power income fund in North America with 995 megawatts of power\ngenerating capacity and an average annual production of 3,774 gigawatt hours.\nGreat Lakes Hydro Income Fund produces electricity exclusively from\nenvironmentally friendly hydroelectric resources. The Fund owns, operates and\nmanages 25 high quality hydroelectric generating stations located on seven\nriver systems in four distinct geographic regions across North America:\nQuDebec, Ontario, British Columbia and New England.\nBrascan Power, which comprises the majority of the power operations of\nBrookfield Asset Management (formerly Brascan Corporation), owns 50.1% of the\nFund's outstanding units. Great Lakes Hydro Income Fund units are listed for\ntrading on the Toronto Stock Exchange under the symbol GLH.UN.\n\nNote: This press release may contain \"forward-looking statements\...