Hi Norman,
There is a hydroelectric generating station on our site, with a capacity of approximately 1.7 megawatts (MW). It was built back in 1947, and is still in operation. Here is a photo:
Woodfibre LNG Limited inherited a power supply agreement from Western Forest Products, when we purchased the Woodfibre site from them last year. In the BC Hydro and Power Authority, “Schedule of Payments to Suppliers for Goods and Services During the Year Ended March 31, 2015,” you’ll note that Western Forest Products Inc. was paid $2,178,471.
As for Woodfibre LNG, the revenue from the hydroelectric generating station is used to ensure safe and efficient power production at the plant, and for any upgrades as needed. The revenue also flows back into the community through things like property tax and other site related government fees.
