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Tembec has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario, to Gemini-SRF Power Corporation. Total consideration for the hydro assets, which have a capacity of approximately 7.4 megawatts, is $16.5 million. “This transaction is consistent with the Company’s strategic plan and represents an attractive valuation for the assets,” stated [...]
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Tembec closes sale of hydro-electric generating assets located in Smooth Rock Falls, Ontario
Tue 29 Mar 2011 02:00:03 PM EDTTembec has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario, to Gemini-SRF Power Corporation. Total consideration for the hydro assets, which have a capacity of approximately 7.4 megawatts, is $16.5 million. “This transaction is consistent with the Company’s strategic plan and represents an attractive valuation for the assets,” stated [...]
Posted by ForestTalk.com
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