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Energy expansion on Brascan's list (01/05)

Brascan Power Corp., the parent company of the Sault Ste. Marie-based Great Lakes Power, is submitting a proposal to the province for a 116-megawatt cogeneration facility in the Sault.
Brascan Power Corp., the parent company of the Sault Ste. Marie-based Great Lakes Power, is submitting a proposal to the province for a 116-megawatt cogeneration facility in the Sault.

The province is issuing a second round of RFPs to interested parties and investors to develop 2,500 megawatts of renewable energy.

The natural gas-steam plant would be located next door to an existing 110-megawatt co-gen plant, run by Brascan subsidiary, Lake Superior Power.

"We're certainly interested in expanding our power operations in northeastern Canada and the United States," says Katherine Vyse, Brascan's senior vice-president of communications. "We've invested a half-billion dollars in Ontario since the market opening two years ago and this would be another part of our strategy to expand operations."

Vyse would not disclose the facility's price tag since the successful applicants to the Ministry of Energy's RFP is not yet public.

Brascan is spending $85 million to upgrade 164 kilometres of transmission line between Wawa and Sault Ste. Marie. The company also re-powered its High Falls Generating Station, a 45-megawatt hydroelectric plant near Wawa in 2002. They are also an investor with Superior Wind Energy in a 100-megawatt wind farm project north-west of the city now under development.



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