Longueuil, QC: Innergex Renewable Energy Inc., in partnership with the Cayoose Creek Indian Band, announced the acquisition February 25 of the Walden North hydroelectric facility in British Columbia.
Innergex and Cayoose Creek Development Corporation, the economic arm of the Cayoose Creek Indian Band, have formed the Cayoose Creek Limited Partnership, which in turn has acquired the assets that make up the facility from FortisBC. The transaction closed at a final total purchase price of $9.2 million.
Walden North is a 16 MW facility commissioned in 1992 and located on private land in Cayoosh Creek near Lillooet, in close proximity to several of the Corporation's other hydroelectric facilities.
Cayoose Creek Band or Sekw'el'was is nestled in the middle of the Fraser Canyon, just south of Lillooet, BC on Highway 99. Sekw'el'was is a member of St'at'imc Nation.