TORONTO, July 28, 2014 /CNW/ - Connor, Clark & Lunn Infrastructure is
pleased to announce an investment in the 5.5 megawatt Sakwi Creek Hydro
Project, a run-of-river hydro-electric project located just northwest
of Agassiz, British Columbia. Connor, Clark & Lunn Infrastructure and
its partner, WindRiver Power Corporation (WindRiver), also announced
the closing of approximately $17 million in long-term debt financing
for the Project, the first in a portfolio of hydro projects that
Connor, Clark & Lunn Infrastructure and WindRiver expect to finance
"We are delighted to be investing alongside our development partner,
WindRiver, in this high quality, long-life infrastructure asset," said
Matt O'Brien, President of Connor, Clark & Lunn Infrastructure. "We
would also like to thank Sts'ailes First Nation for its ongoing support
of the Project", Mr. O'Brien added. "We look forward to expanding our
portfolio of hydro assets in B.C. in the years to come."
In the late stages of construction, the Sakwi Creek Hydro Project is
scheduled to achieve commercial operation in late 2014. All power
produced by the facility will be sold to British Columbia Hydro & Power
Authority under a 40-year Electricity Purchase Agreement.
About Connor, Clark & Lunn Infrastructure
Connor, Clark & Lunn Infrastructure invests in North American
infrastructure companies and projects with long lives, highly
attractive risk-return characteristics and the potential to generate
stable cash flow. Connor, Clark & Lunn Infrastructure is a part of the
Connor, Clark & Lunn Financial Group, a multi-boutique asset management
firm whose affiliates are collectively responsible for the management
of approximately $55 billion in assets.
SOURCE: Connor, Clark & Lunn Infrastructure
For further information:
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Connor, Clark & Lunn Financial Group Ltd.