Abitibi energizes with Caisse de dpt
April 10, 2007 By Pulp & Paper Canada
Abitibi-Consolidated has closed the transaction with the Caisse de dpt et placement du Qubec, creating ACH Limit…
Abitibi-Consolidated has closed the transaction with the Caisse de dpt et placement du Qubec, creating ACH Limited Partnership. A joint venture for the companys hydroelectric generation facilities, Abitibi holds a 75% equity interest in the new partnership. On a consolidated basis, the deal has yielded Abitibi a total of $297.5 million.
The partnership includes eight hydroelectric facilities in Ontario. Combined, they represent a capacity of 136.8 MW and a normalized annual generation of roughly 828 GWh.
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