H2O Power, owner and operator of hydroelectric generating assets in Canada and the US, and TCorp, the investment and financial management partner of the New South Wales (NSW) public sector, today announced that they have completed a transaction in which TCorp will acquire an interest in H2O Power’s Canadian hydroelectric generation assets.
For more information, please review Press Release.
H2O Power is proud to announce that on November 27, 2019 our Vice President, Corporate Development and Investor Relations, Stephen Somerville has been elected to serve in a voluntary capacity as Chair of the Ontario Waterpower Association (“OWA”) Board of Directors for 2020. H2O Power is a long-standing member of the OWA’s 150 member, non-profit organization which promotes sustainable development and management of waterpower resources in Ontario. Our congratulations go out to Stephen in his appointment to this important role in our industry.
High flow conditions into Marmion Lake developed in late September and are expected to continue through October and potentially November. Rainfall amounts observed in Atikokan, Ontario during the month of September were almost two times the normal average rainfall. Inflow conditions of this magnitude during the fall season were last observed in the year 1941.
Raft Lake, Calm Lake and Sturgeon Falls dams remain in full compliance within their operating parameters as set out in the Seine River Water Management Plan. The spillways at the Calm Lake and Sturgeon Falls dams are open at this time and are expected to remain open for the foreseeable future.
All users are advised to use appropriate care and caution along the Seine River until high flow advisories have been terminated and levels/flows have receded towards normal conditions.
560 King St W #2, Oshawa,
ON L1J 7J1, Canada
