Fitzsimmons Creek’s installed capacity is 7.5MW, and its estimated yearly energy output is 33,000MWh. The power plant has an electricity purchase agreement (EPA) with BC Hydro through the standing offer program to sell power for a term of 40 years.
Michel Letellier, president and CEO of Innergex, said: “BC Hydro must be congratulated for its standing offer program, which offers fully-permitted small renewable energy projects an EPA so they can move forward to the construction phase, as was the case with Fitzsimmons Creek.
“This program, well planned and well managed, encourages independent producers to invest in renewable energy projects, which helps the province attain its environmental policy objectives”.
An agreement with the Government of Canada has also been signed for Fitzsimmons Creek through the ecoENERGY for renewable power program, which will provide an incentive of $10 per MWh of electricity produced over the first ten years of commercial operation.
Innergex holds 66 2/3% interest in Fitzsimmons Creek and Ledcor Power holds the remaining. Construction of the power plant began in July 2008 and was completed in January 2010.
