The Ontario Power Authority's Hydroelectric Contract Initiative
continues to ensure that cost-effective hydroelectricity is available
to meet the needs of Ontarians.
TORONTO, June 17, 2013 /CNW/ - Trent Energy Inc. today celebrated the
grand opening in Peterborough of the Stanley Adamson Powerhouse, a
hydroelectric project developed by Trent Energy, a subsidiary of
Peterborough Utilities Inc., together with Trent University. This
marks the redevelopment and expansion of a hydroelectric facility that
has been in operation since 1921.
The redevelopment and expansion project was enabled by the Ontario Power
Authority's Hydroelectric Contract Initiative (HCI), a program to
negotiate new contracts for qualified existing Ontario hydroelectric
generation facilities, as part of the province's commitment to increase
its supply of clean, renewable generation.
Located on the Otonabee River, the Stanley Adamson Powerhouse was
contracted under the HCI program in June 2010, which gave the developer
the certainty to make investments in the facility, increasing its
capacity from 1.6 megawatts (MW) to approximately 3.9 MW. The facility
has a 20-year contract term, beginning this month.
The redevelopment project included the replacement of the original
generating equipment (circa 1890 and 1920), a restored historic
powerhouse to accommodate the updated equipment, and the replacement of
the mechanical and electrical station services.
To date, there have been three other successful redevelopment and
expansion projects completed under the HCI program: Bracebridge Falls Generating Station, Wilson's Falls Generating Station and Casselman Generating Station. Combined, these projects represent
approximately 9.8 MW of reliable, clean, local and naturally recurring
energy, and are expected to produce enough electricity each year to
power about 4,400 homes.
As of the end of Q1 2013, the OPA holds 47 HCI contracts with
hydroelectric projects across the province, representing 1,088 MW of
clean, renewable energy. The OPA holds a total of 114 contracts for
waterpower projects, representing 2,384 MW in total, from a variety of
procurement programs, including the Feed-in Tariff Program, the
Renewable Energy Standard Offer Program and the Renewable Energy Supply
procurement. There is Aboriginal participation in 1,033 MW of
hydroelectric generation projects.
More information about the OPA's hydroelectric contracts initiative is
available from the OPA website at www.powerauthority.on.ca/hci.
"This contract is good for Trent Energy, it's good for Peterborough, and
it's good for Ontario electricity ratepayers. Through this and other
similar contracts, we're gaining generating flexibility and creating a
set of complementary options for economically producing the electricity
Ontarians need. Securing these hydroelectric sources also supports
Ontario's goal of eliminating coal-fired generation by the end of
2014—the single biggest climate change initiative in Canada."
Colin Andersen, CEO, Ontario Power Authority
"Hydroelectric facilities here in Peterborough, and around the province,
have been serving Ontarians for over a century. Today's announcement
ensures that Trent Energy will continue to provide Ontario with clean,
reliable, affordable electricity for the next 100 years."
Minister of Energy Bob Chiarelli
"The completion of upgrades and the re-opening of the Stanley Adamson
Generating Station really showcases what Peterborough is capable of.
The innovation on display here is producing clean, reliable and
affordable power. This project continues to build on Peterborough
Riding's potential to be an economic powerhouse in Eastern Ontario."
Jeff Leal, MPP for Peterborough
"The HCI program was the catalyst to allow for the revitalization of
this sustainable, community-based project. Without it, this project
would not have happened."
John Wynsma, Vice-President, Generation, Peterborough Utilities Inc.
The Ontario Power Authority is responsible for ensuring a reliable,
sustainable supply of electricity for Ontario. Its key areas of focus
are planning the power system for the long term, leading and
coordinating conservation initiatives across the province, and ensuring
the development of needed generation resources.
SOURCE: Ontario Power Authority
For further information:
Tim Butters, Ontario Power Authority: 416-969-6307 / Toll Free: 1-800-797-9604