A spokesman for AXOR, the company behind the Glacier/Howser
hydroelectric project, says the energy purchase agreement was cancelled
because it was no longer financially viable and delays in the project
were to blame.

BC Hydro and Purcell Green Power,
AXOR’s company set up to run the project, signed the energy purchase
agreement in 2006. That agreement was only partially indexed to
inflation, says Simon Gourdeau, project manager for AXOR’s energy
division.

“So every year of delay basically makes the contract less and less interesting financially,” Gourdeau told the Nelson Post.
“As time goes by basically how much you get paid for the power
basically decreases and after a certain while it becomes financially not
interesting from our part.”

When the energy purchase agreement was first signed, AXOR planned to
have the Glacier/Howser facility up and running by November 2010.

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