Alcoa finalizes deal for 378-MW Tapoco hydropower lot

摘要

Alcoa Power Generating Inc. has finalized a US$600 million deal that transfers ownership of its 378-MW Tapoco project to Brookfield Renewable Energy Partners. Tapoco includes four hydro facilities (Cheoah, Calderwood, Chilowee and San-teetlah) on the Little Tennessee and Cheoah Rivers in eastern Tennessee and western North Carolina. The deal includes 14,500 acres, 86 miles of transmission line, and four stations and dams built by Alcoa from 1919 to 1957 to provide power for aluminum smelting and rolling mills. In October, the Federal Energy Regulatory Commission approved the license transfer to Brookfield.