The Miller Creek acquisition is conditional upon a 30-day right of first refusal in favour of BC Hydro. There is no assumption of any project level debt on these assets. Innergex expects the transaction to close in July 2012, subject to regulatory approvals and other customary closing conditions.
“British Columbia has become a major growth pole for Innergex in recent years. We expect the demand for power to increase significantly in BC, given its strengthening economy and ambitious development projects,” said Michel Letellier, President and Chief Executive Officer of Innergex.
