Tuesday, October 26, 2010

Multi-billion dollar Canada hydropower project plan halted

Multi-billion dollar Canada hydropower project plan halted
CALGARY, Alberta, Canada 10/20/10 (PennWell)

TransCanada Corp and Atco Ltd have shelved plans to build a C$5 billion
(US$4.85 billion) dam and hydro project on the Slave River in Alberta,
Canada, after a local native group refused to back the project, wire
services reported.

The planned run-of-river hydro project would have generated 1,200 to
1,300 MW of electricity, reports indicate.

The project, first proposed two years ago, was still being studied, but
the partners could not win the support of regional aboriginal groups,
according to wire reports.

Atco and TransCanada will not be advancing any further studies on the
Slave River, as Smith Landing First Nation determined that their vision
for the Slave River is not compatible with large-scale hydroelectric
power development, a spokesman for TransCanada reported.

TransCanada is the country's largest pipeline company, and owns
generating plants in Canada and the United States. It is a partner in
Bruce Power LP, which operates the Bruce nuclear facility in Ontario,
which supplies a fifth of the province's electricity.

Diversified energy and utilities company Atco owns generating plants in
Canada, Britain and Australia.

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