John Hart has provided clean, reliable power to Vancouver Island for 67 years. The facility needs upgrades to ensure seismic safety, continued reliability for power generation and better environmental performance.
The signing is a major milestone for the redevelopment of the project, as it provides the green light for construction.
The project will bring many economic benefits to the community of Campbell River, including more jobs. The number of people working at the site will grow to 200 by the end of this year and peak at 340 in 2016.
InPower BC is a special purpose project company in which SNC-Lavalin Group Inc. has 100 per cent interest. SNC-Lavalin will run the project out of its Vancouver office, including working and coordinating with international team members on the specialised design and fabrication of components like generators and turbines.
"I congratulate BC Hydro, SNC-Lavalin and the community of Campbell River on this major milestone. We have worked hard with BC Hydro to introduce a 10-year plan for rates that paves the way for important capital projects like this, while allowing cost reductions in other areas. Im especially pleased with the economic benefits this project will provide during construction and in the long-term thanks to the clean, reliable energy that will be generated at John Hart," said Bill Bennett, Minister of Energy and Mines.