Article content

Hydro Ottawa announced Monday that it plans to buy Hydro-Québec’s remaining hydroelectric assets at Chaudière Falls, pumping enough additional energy into the province’s grid to power 22,500 homes a year.

The company, which is wholly owned by the City of Ottawa, will acquire from Hydro-Québec the remaining 33 per cent interest in the Ottawa River ring dam, as well as a 27-megawatt generating station on the Gatineau side of Chaudière Falls.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Hydro Ottawa to buy Quebec's remaining share of Chaudière Falls power Back to video

Once the acquisition is complete later this year, Hydro Ottawa will own all of the hydroelectric facilities at the Chaudière site on both sides of the Ottawa River.

Bryce Conrad, the company’s CEO, would not disclose the purchase price.

The announcement comes two years after Hydro Ottawa announced plans to expand its Chaudière Falls site with a new, 29-megawatt generating station set to open in 2017.

The new $150-million plant will feed into the provincial grid and power 20,000 homes annually without blocking views of the Ottawa River (it is being built below ground). It is to feature three viewing platforms, a First Nations plaza and a new bridge across the intake channel for pedestrians and cyclists.