BBGI backs Canadian hydro refurb – BBGI Global Infrastructure (BBGI) has invested in InPower BC General Partnership, the entity responsible for delivering the John Hart Generating Station Replacement Project, an investment made through the existing strategic partnership between BBGI and SNC-Lavalin Group Inc.
The public-private partnership project consisted of the design, construction, financing, maintenance and rehabilitation of a new three-turbine, 132-MW hydroelectric power generation station on the Campbell River, British Columbia. The new infrastructure replaces the outdated above-ground facilities which were built in 1947 with a more reliable, seismically robust and environmentally friendly facility.
Service commencement was achieved in 2019 and the concession runs until 2033. BBGI’s investment is around CAD $41m and is being funded from its existing cash resources and drawing upon its £230m corporate revolving credit facility.