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Capstone, shíshálh Nation reach deal for 16-MW hydro facility

Capstone Infrastructure Corp. signed a deal with the shíshálh Nation for equity ownership and profit sharing of the 16-MW Sechelt Creek run-of-river hydroelectric facility in British Columbia.

"The agreement is the successful result of a positive 20-year history of collaboration on the project, and more recently, a mutually respectful engagement between shíshálh and Capstone, who sought to modernize their relationship with shíshálh and the shíshálh territory in which Capstone continues to operate," according to a March 27 press release.

The facility, which began operation in 1997, supplies power to BC Hydro and Power Authority. Capstone noted that it recently extended its power purchase agreement with BC Hydro on an interim basis from its original expiration date.