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BC Hydro awarded Long Lake Hydro a Power Purchase Agreement in the 2008 Clean Energy Call. This project is a retrofit of a decommissioned storage dam that was built in about 1938 and used to supply power to the nearby Premier mine. The mine, which was last operated by Westmin Resources, closed in the 1990s and has since been decommissioned.
Independent power producer (IPP) projects have had a significant presence in British Columbia since the 1980s. Their relationship with BC Hydro grew from the province's need to supply growing energy demands and implementation of the 2002 Energy Strategy, which mandated that BC Hydro would purchase its energy supply from IPPs rather than generating the supply itself.
*Waneta Dam has been wholly owned by BC Hydro since July 2018 [6] after Fortis BC finalized an agreement with Teck to sell its 66% interest in the dam, but BC Hydro had first rights to purchase the remaining 66% from its first 1/3 ownership deal.
The British Columbia Hydro and Power Authority, operating as BC Hydro, is a Canadian electric utility in the province of British Columbia.It is the main electricity distributor, serving more than 4 million customers in most areas, [3] with the exception of the City of New Westminster, where the city runs its own electrical department [4] and portions of the West Kootenay, Okanagan, the ...
BC Hydro then chose to purchase electricity under long-term contracts from independent power producers, and it continues to do so today. As of 2017 these annual purchases are about four times the capacity of Site C. Once the initial contracts with BC Hydro expire, these independent producers may be free to export their electricity. [16]
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
BC Hydro also operates thermal power plants. The Burrard Thermal Generating Station contributes 7.5% and the remaining 14.5% of the electricity requirement was supplied by purchases and other transactions. [10] BC Hydro's last dam was completed in 1984, since then run-of-the-river projects with private partners have been built. Power production ...
Lajoie Dam Under Construction, 1950s. E. Cleven Photo, aerial. Lajoie Dam is the uppermost of the storage dams of BC Hydro's Bridge River Power Project, which is located in the southwestern Interior of British Columbia.