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BC Hydro Agreed to a Year Long Project Extension? PDF Print E-mail
Saturday, 15 November 2008

From the Innergex 2008 Third Quarter Report, p. 15:

"The construction of the Ashlu Creek hydroelectric project is progressing well. Work is complete on the access roads,transmission lines, switchyard, creek diversion using cofferdams, and emergency spillway. Construction activities are basically completed at the intake and sluiceway, 98% at the concrete substructure of the powerhouse and 95% for the equipment fabrication. The horizontal mining of the tunnel is over 75% completed, but there have been some delays due to unfavourable geotechnical conditions. The tunnelling contractor continues to add resources to mitigate these delays, as they could lead to liquidated damages for late delivery. The expected commercial-in-service date is at the end of 2009. The financing for the construction of the Ashlu Creek hydroelectric project provides for a certain expected in-service date and equity funding requirements. On October 9, 2008, the Corporation and the lenders agreed on an amended credit agreement reflecting a rescheduled in-service date (as agreed to by BC Hydro) as well as the additional equity invested by the Corporation for the completion of the project."

Ledcor will have to sue its way through Ashlu Mountain because the mountain, like the public who stood for the environment and against corruption, decided that this river was not to be destroyed or taken from its natural state.

The Ledcor and Innergex legacy: dead fish, dead bears, dead environment. Leave the Ashlu watershed unmolested.

Last Updated ( Saturday, 15 November 2008 )
 
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