Algonquin Power & Utilities Corp. (TSX:AQN) says its power generation unit has won a 25-year deal to sell electricity to Saskatchewan Power Corp., the prairie province’s Crown-owned generator.
The Toronto-area company said Tuesday the power will be produced at its 177 megawatt wind power project in Chaplin, Sask., about 200 km west of Regina.
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The plant is slated to be built by the end of 2016 and will cost the company $355-million.
Algonquin said the plant will produce enough power for about 70-thousand homes.
Financial terms of the commercial power contract were not revealed.
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