Compelo Energy - Latest industry news and analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

Abitibi and Fortis sign up for hydro power increase

Newsprint maker Abitibi-Consolidated and utility holding company Fortis have signed a US$43M deal to raise power production at two Abitibi hydroelectric plants in Newfoundland, Canada. The three-year project will increase annual output at Grand Falls-Windsor and Bishop Falls in Newfoundland by approximately 30% to 600GWh.

Abitibi-Consolidated will use existing output to power its news-print mill at Grand Falls-Windsor, while the additional energy produced will be sold to Newfoundland and Labrador Hydro under a long term agreement. Central Newfoundland Energy, a non-regulated subsidiary of Fortis, will hold a 51% stake in the project, while Abitibi will hold 49%.