ADVANCED PROJECTS UNDER DEVELOPMENT
McKelvie Creek Hydro Project
Located near Tahsis, BC, on Vancouver Island, the proposed McKelvie Project would provide 5.0 MW of run-of-river power. Both a water licence and land tenure have been issued from the Province of British Columbia.
Newcastle Creek Hydro Project
The Newcastle Hydro Project is to be located on Newcastle Creek on Vancouver Island near the Village of Sayward. It has a proposed installed capacity of 4.4 MW. Synex Energy is continuing to advance the regulatory aspects of this project. Both a water licence and land tenure have been issued from the Province of British Columbia.
Victoria Lake Hydro Project
Located 7 km southeast of Port Alice, BC, on Vancouver Island, this proposed project would provide 10.0 MW of power.
OTHER DEVELOPMENT PROJECTS
The Company has applications for water licences and land tenure on over 55 potential hydroelectric sites which are in various stages of development or intended for disposition. Mostly, the water licence applications are for projects with individual capacities of less than 10 MW. BC Hydro under the current Standing Offer Program accepts applications for electricity purchase agreements for up to forty years for projects with a maximum size of 15 MW and for which BC Hydro has a stated goal of acquiring 150 GWh per year.