Innergex, Desjardins pension buy Québec hydroelectric facility
Innergex Renewable Energy Inc (TSX: INE) and Desjardins Group Pension Plan have bought the Sainte-Marguerite-1 run-of-river hydroelectric facility from Hydroméga Group of Companies. The acquisition price was about $82.1 million, plus the assumption of debt. The 30.5 MW SM-1 hydroelectric facility is located on private land near the town of Sept-Iles, Québec. Innergex and Desjardins own 50.01 percent and 49.99 percent, respectively, of the common units of Innergex Sainte-Marguerite SEC. Based in Longueuil, Québec, Innergex is an independent renewable power producer and a portfolio investment of the Caisse de dépôt et placement du Québec.
23 June 2014•9 mins read
