TORONTO, June 28, 2016 /CNW/ - Connor, Clark & Lunn Infrastructure is pleased to announce an investment in the 12 megawatt Hunter Creek Hydro Project, a construction-stage, run-of-river hydro-electric project located near Hope, British Columbia. Concurrent with its equity investment, CC&L Infrastructure and its partner, WindRiver Power Corporation, also closed approximately $38 million in long-term debt financing for the project. The project is the second in a portfolio of hydro projects that CC&L Infrastructure and WindRiver are developing together.
"We are delighted to be making our second hydro investment alongside our development partner WindRiver," said Matt O'Brien, President of Connor, Clark & Lunn Infrastructure. "This transaction leverages our experience investing in projects at the construction-stage and adds to our growing portfolio of long-life, stable, cash-generating infrastructure assets."
The Hunter Creek Hydro Project is scheduled to achieve commercial operation in mid-2018. 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, positive 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 Ltd., a multi-boutique asset management firm whose affiliates are collectively responsible for the management of approximately $64 billion in assets.
SOURCE Connor, Clark & Lunn Infrastructure
For further information: For more information, please visit www.cclinfrastructure.com or contact: Gail Prins-Visser, Communications Manager, Connor, Clark & Lunn Financial Group Ltd., (416) 864-3136, [email protected]