Canada to pay C$72 million to 196-MW East Toba-Montrose

摘要

The government of Canada is to pay a financial incentive worth as much as C$72.7 million (USS57.4 million) over ten years to the owners of the 123-MW East Toba River and 73-MW Montrose Creek hydroelectric project in British Columbia.rnThe federal government said it would provide the incentive from its CS1.48 billion (US$1.17 billion) ecoEnergy for Renewable Power Program. The program offers a C$10 (US$7.89) per rnmegawatt-hour (MWh) incentive for electricity produced by low-impact, renewable electricity projects for ten years after commissioning,rnEcoEnergy payments for East Toba River and Montrose Creek are capped at C$7.27 million (US$5.74 million) annually,- and C$72.7 million for the 10-ycar period.