Monday, Boralex Inc. (BLX.TO) has completed the acquisition, previously announced in June 2008, of the Ocean Falls hydroelectric power station located in Northern British Columbia.
The power station has an installed capacity of 14.5 MW of which 2 MW are currently being generated and sold primarily to BC Hydro under a long-term energy sales contract. Given its hydroelectric potential, the installed capacity of this power station could potentially be increased to more than 35 MW over the course of the coming years. At the same time, Boralex also acquired the development rights for two other hydroelectric projects in the same region, representing an additional 10 MW.
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