Connor, Clark & Lunn (CC&L) Infrastructure has invested in the 5.5-megawatt Sakwi Creek Hydro Project, located just northwest of Agassiz, B.C.
CC&L Infrastructure and its partner, WindRiver Power Corp., also announced the closing of approximately $17 million in long-term debt financing for the project, the first in a portfolio of hydro projects that CC&L Infrastructure and WindRiver expect to finance together.
“We are delighted to be investing alongside our development partner, WindRiver, in this high-quality, long-life infrastructure asset,” says Matt O’Brien, president of CC&L Infrastructure. “We look forward to expanding our portfolio of hydro assets in B.C. in the years to come.”
In the late stages of construction, the Sakwi Creek Hydro Project is scheduled to achieve commercial operation in late 2014.
All power produced by the facility will be sold to British Columbia Hydro & Power Authority under a 40-year electricity purchase agreement.
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