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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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