CANADIAN HYDRO DEVELOPERS (CHD) of Calgary, Alberta, are seeking regulatory approval to expand the capacity of the Pingston hydroelectric project by 15MW, increasing the project's installed capacity by 50%. The run-of-river project, jointly owned by CHD and Brascan of Toronto and currently under construction in south eastern British Columbia, Canada, is scheduled to come on line by mid December of 2002. The power generated by the 30MW project is under contract to be sold to BC Hydro under a 20-year power purchase agreement. The additional energy to be developed by the proposed expansion is also to be sold to BC Hydro under the current agreement. BC Hydro is committed to obtain at least 10% of its future load from renewable sources.
