IMCO buys into Brookfield-managed hydroelectric portfolio

Investment Management Corp of Ontario (IMCO) earlier this month acquired a stake in a 413-megawatt Canadian hydroelectric portfolio from Brookfield Renewable Partners. Terms weren't released. IMCO made the investment as part of a consortium that acquired a 25 percent interest. The portfolio, which Brookfield will continue to manage, includes the 349-megawatt Great Lakes Power system in Ontario, the 19-megawatt Carmichael facility in Ontario, and the 45-megawatt Kokish facility in British Columbia. In a separate statement, Brookfield said it intends to sell an additional 25 percent stake in the same assets to another consortium this year.

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