Signature of PPA

On May 27, 2019, Pituvik and Innergex signed a 40-year Power Purchase Agreement with Hydro-Quebec for the Innavik hydro project.

The signature of the 40-year agreement was made in Montreal by Eric Atagotaaluk, President of Pituvik, Michel Letellier, President and CEO of Innergex Renewable Energy, and Eric Filion, President of Hydro-Québec Distribution. The PPA provides for the payment of a fixed annual amount in return for guaranteed contracted energy and capacity and will begin at commercial operation of the Innavik hydro project.

Read some related coverage here:

• https://aptnnews.ca/2019/05/27/historic-125-million-hydro-quebec-project-will-bring-renewable-energy-to-the-far-north/

• https://montreal.ctvnews.ca/remote-northern-village-to-get-on-hydro-grid-with-125-million-hydroelectric-project-1.4439706?utm_source=dlvr.it&utm_medium=twitter

• https://www.cbc.ca/news/canada/montreal/inukjuak-hydroelectric-dam-agreement-1.5152005

• https://www.innergex.com/wp-content/uploads/2019/05/INE_INNAVIK_PPA_EN.pdf