Nov. 22, 2012
/CNW/ - Hydro Ottawa has completed the purchase, first announced in
, of three hydroelectric plants and a 38.3 percent interest in the Ring Dam and remaining water rights at Chaudière Falls from Domtar Corporation for
"This presents a tremendous opportunity for
to add 21 megawatts of renewable run-of-the river hydro power, with the potential to expand that to more than 40 megawatts as we explore additional opportunities at this site," said Hydro Ottawa President and CEO
"The Chaudière Falls generating stations have powered
industrial expansion for over a century," said
. "What many people don't know is that
oldest surviving hydroelectric facility still operates right here in the nation's capital."
Prior to the purchase, Hydro Ottawa already had over 100 years of experience operating hydroelectric plants at Chaudière Falls, where it owns and operates three plants, with Generating Station #2 originally built in 1891 and Generating Station #4 built in 1900. Both stations have been refurbished.
With the closing of the purchase of the three hydroelectric stations from Domtar, Hydro Ottawa's hydroelectric generating capacity will more than double to 38 megawatts, enabling the company to generate enough clean, renewable energy to meet the annual needs of 28,000 households.
Another benefit of the acquisition is that the Chaudière Falls site is one of the largest remaining hydroelectric sites available in
, with an expansion opportunity that could see Hydro Ottawa's hydroelectric capacity grow to 60 megawatts.
The acquisition is a key part of Hydro Ottawa's strategic plan to pursue growth opportunities that benefit its customers, its shareholder - the
City of Ottawa
- and the environment. Hydro
is the largest municipally-owned producer of green power in
About Hydro Ottawa
Hydro Ottawa Holding Inc. (Hydro Ottawa) owns and operates two subsidiary companies, Hydro Ottawa Limited and Energy Ottawa Inc. Hydro Ottawa Limited is the third-largest municipally-owned electrical utility in
, serving more than 305,000 customers in the
City of Ottawa
Village of Casselman
. Energy Ottawa Inc., the largest municipally-owned producer of green power in
, generates renewable energy and provides commercial energy-management services.