Domtar, Hydro Ottawa complete $46 million hydroelectric deal
The Chaudière Falls site is one of the largest remaining hydroelectric sites available in Ontario
OTTAWA—Hydro Ottawa has completed the purchase of three hydroelectric plants and a 38.3 per cent interest in the Ring Dam and remaining water rights at Chaudière Falls from Domtar Corp.
The $46-million deal, originally announced in June, more than doubles Hydro Ottawa’s hydroelectric generating capacity to 38 megawatts.
“This presents a tremendous opportunity for Ontario 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 Bryce Conrad.
“The Chaudière Falls generating stations have powered Ottawa’s industrial expansion for over a century,” said Ottawa Mayor Jim Watson. “What many people don’t know is that Canada’s oldest surviving hydroelectric facility still operates right here in the nation’s capital.”
Hydro Ottawa already owns and operates three plants at Chaudière Falls, with Generating Station #2 originally built in 1891 and Generating Station #4 built in 1900. Both stations have been refurbished.
The Chaudière Falls site is one of the largest remaining hydroelectric sites available in Ontario, with an expansion opportunity that could see Hydro Ottawa’s hydroelectric capacity grow to 60 megawatts.