BC Hydro to issue Vancouver Island Call for Tenders for dependable capacity of at least 150 megawatts on October 31
27 October 2003 - 9:30PM
PR Newswire (US)
BC Hydro to issue Vancouver Island Call for Tenders for dependable
capacity of at least 150 megawatts on October 31 VANCOUVER, Oct. 27
/PRNewswire/ -- BC Hydro, the main electricity provider to 1.8
million customers in British Columbia, will invite private sector
developers to submit tenders for proposed new generation projects
to be located on Vancouver Island through a Call for Tenders to be
released October 31. BC Hydro is in the final stages of preparing
the Vancouver Island Call for Tenders (VI CFT). The CFT documents
are being reviewed by PricewaterhouseCoopers LLP, which has been
retained by BC Hydro to act as an independent reviewer to ensure
that this call is conducted in a fair, open and transparent manner.
The independent reviewer will provide an initial fairness report to
the BC Utilities Commission prior to the issuance of the VI CFT. BC
Hydro's target for the VI CFT is to acquire at least 150 megawatts
(MW) of new dependable capacity to help meet growing demand on
Vancouver Island. This capacity must be in place by 2007 to offset
the fact that some of the main undersea cable systems will no
longer be able to reliably supply that area from the mainland of
the province. Private sector developers interested in participating
in the VI CFT will be eligible to submit tenders once they have met
a set of mandatory criteria, including the demonstration of
financial strength and relevant experience. Projects must employ a
proven technology and be capable of reaching commercial operation
by May 2007. Long-term electricity purchase agreements will be
awarded to the most cost-effective projects. BC Hydro will also
welcome tenders from private sector developers who wish to acquire
assets associated with the planned 265 MW Vancouver Island
Generation Project, with the intention of building, owning and
operating that project or an alternative configuration on the same
site. Private sector developers interested in more information on
the VI CFT should visit http://www.bchydro.com/vicft. Register
on-line to receive notification of CFT updates. Visit BC Hydro's
web site at http://www.bchydro.com/ Media Contact: Elisha Moreno
Media Relations manager Phone: (604) 623-4099 DATASOURCE: BC Hydro
CONTACT: Media Contact: Elisha Moreno, Media Relations manager,
Phone: 604-623-4099
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