“Energy purchase agreement not financially viable,” says AXOR


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

“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.

Read full Nelson Post article here


About Damien Gillis

Damien Gillis is a Vancouver-based documentary filmmaker with a focus on environmental and social justice issues - especially relating to water, energy, and saving Canada's wild salmon - working with many environmental organizations in BC and around the world. He is the co-founder, along with Rafe Mair, of The Common Sense Canadian, and a board member of both the BC Environmental Network and the Haig-Brown Institute.