Iberdrola breaks into Canadian bio
Contracts worth €240m for two plants totalling 80MW in British Columbia
Iberdrola has won turnkey contracts worth €240m for the construction of the Fort St James and Merritt biomass power plants in Canada, which total 80MW.
The Spanish company was a bidder in an international tender called by Canadian investment fund Fengate Capital on the facilities in British Columbia.
The deals give Iberdrola a foot in the Canadian market. Work on the Fort St James project is expected to begin this month, with Merritt slated to see action in February 2014.
Iberdrola will be in charge of all stages of construction and commissioning as well as building two transformer substations and the power lines connecting the plants to the grid.
The plants will be fuelled by sawdust and waste from local saw mills, forestry plantations and clean-up operations.
Image: work will kick off on both projects shortly (Iberdrola)