Brief: TransAlta Renewables Announces Rehabilitation Plan For Kent Hills

TransAlta Renewables

02/06/2022 12:39

June 2 (Reuters) - TransAlta Renewables Inc  RNW.TO :
    * TRANSALTA RENEWABLES ANNOUNCES REHABILITATION PLAN FOR
KENT
HILLS, EXECUTES 10-YEAR CONTRACT EXTENSION WITH NEW BRUNSWICK
POWER, AND RECEIVES WAIVER FROM PROJECT BONDHOLDERS
    * TRANSALTA RENEWABLES INC- AMENDING AGREEMENTS PROVIDE FOR
A
BLEND-AND-EXTEND OF PPAS FOR AN ADDITIONAL 10-YEAR PERIOD
THROUGH TO DECEMBER 2045
    * TRANSALTA RENEWABLES INC- KHLP IS PROCEEDING WITH
REHABILITATION
PLAN TO REPLACE FOUNDATIONS AT KENT HILLS 1 AND 2 AND RESTORE
SITES TO FULL OPERATION
    * TRANSALTA RENEWABLES INC- REHABILITATION FOR KENT HILLS 1
AND 2
SITES IS TARGETED TO BE COMPLETED BY MID-2023
    * TRANSALTA RENEWABLES INC- CURRENT ESTIMATE OF TOTAL
REHABILITATION EXPENDITURES IS APPROXIMATELY $120 MILLION

Source text for Eikon:  ID:nCNWnfzzla 
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