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28 July 2006 -- BC Hydro announced yesterday the results of the 2006 Open Call for Power, awarding 38 contracts to independent power producers throughout the province with the majority going to new hydro projects. According to BC Hydro, the projects will help to meet growing demand for electricity in the region by adding more than 7,000 GWh per year to BC Hydro's system.
The contracts include 29 hydro, three wind, two biomass, two waste heat and two coal/biomass projects. The awards represent long-term purchase agreements with an average term of 30 years. Ranging in size from under 1 MW to approximately 200 MW in capacity, the projects are located throughout the province and are expected to generate $3.6 billion in private sector investment. Of the successful bidders, 23 are already developing projects for BC Hydro resulting from previous calls, and three include First Nations as developers or partners.
The 2006 Open Call Process was initiated in December 2005. Fifty-three separate projects bid into the process and were evaluated against publicly disclosed criteria including availability and reliability of the resource, proven technology and competitive pricing. As a result of a parallel tender process, BC Hydro also awarded a contract to the Brilliant Expansion Power Corporation, an affiliate of the Columbia Power Corporation.
Once BC Hydro and successful bidders have signed the electricity purchase agreements, the agreements must be filed with the British Columbia Utilities Commission.
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