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Company type | Public company |
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TSX-V: ROR | |
Industry | Electric generation |
Genre | Independent Power Producer |
Founded | 2005 |
Defunct | 6 May 2014 |
Fate | Acquired by Concord SCCP General Partner (I) Inc. |
Headquarters | , Canada |
Key people | Richard Hopp, President & CEO |
Total assets | C$33.24m |
Subsidiaries | Northwest Cascade Power Rockford Energy Corp. Sea to Sky Power Corp. Pacific Northwest Biomass Corp. |
Website | www.runofriverpower.com |
Run of River Power or ROR Power is a Canadian based energy company. Its business in the renewable energy sector, creating sustainable energy through its portfolio of run-of-river and biomass projects in British Columbia.
In June 2005, Run of River was listed on the TSX Venture Exchange by conducting a private placement of 14.8 million shares at $0.60/share to raise $8.9 million. The funds and a $13 million loan from Industrial Alliance Insurance and Financial Services, were used to purchase a 90% interest in Rockford Energy, which included the Brandywine Creek facility and five other nearby projects from Ledcor Power. [1] The company was acquired by Concord SCCP General Partner (I) Inc. in May 2014 and delisted from the TSX Venture Exchange. [2]
This project was awarded a 20-year power purchase agreement in BC Hydro's 2001 Call for Green Energy Projects. [3] Construction work was carried out in less than one year by Ledcor Power and the project was commissioned in May 2005. [4] Capital costs were originally estimated at $11 million, but additional fish studies and agreements with local government and First Nations inflated costs to $14 million. [5]
Annual revenues have been estimated at $2.2m for a total of "around $50 million" over 20 years. [6] However, according to a 2008 report, Run of River's Brandywine project is "money-losing". [7]
A 40-year PPA was awarded to Run of River Inc. in 2008 Call. [8] [9] Current plans call for construction of the $94 million project to begin in 2012 and commissioning in Jan 2014. [10]
This project, proposed by Run of River's subsidiary Northwest Cascade Power Ltd., included seven generation facilities and a 42 km transmission line that would have passed through Pinecone Burke Provincial Park. [11] Capital costs were estimated at $350 million. [12]
The proposal reached the pre-application stage of British Columbia's Environmental Assessment process before being terminated by Environment Minister Barry Penner, who refused to redraw park boundaries in order to accommodate the required transmission line. [13] While Run of River's management and the local First Nation were united in their opposition to this decision, the firm is currently seeking an alternative transmission route. [14] [15]
![]() | |
Company type | Public company |
---|---|
TSX-V: ROR | |
Industry | Electric generation |
Genre | Independent Power Producer |
Founded | 2005 |
Defunct | 6 May 2014 |
Fate | Acquired by Concord SCCP General Partner (I) Inc. |
Headquarters | , Canada |
Key people | Richard Hopp, President & CEO |
Total assets | C$33.24m |
Subsidiaries | Northwest Cascade Power Rockford Energy Corp. Sea to Sky Power Corp. Pacific Northwest Biomass Corp. |
Website | www.runofriverpower.com |
Run of River Power or ROR Power is a Canadian based energy company. Its business in the renewable energy sector, creating sustainable energy through its portfolio of run-of-river and biomass projects in British Columbia.
In June 2005, Run of River was listed on the TSX Venture Exchange by conducting a private placement of 14.8 million shares at $0.60/share to raise $8.9 million. The funds and a $13 million loan from Industrial Alliance Insurance and Financial Services, were used to purchase a 90% interest in Rockford Energy, which included the Brandywine Creek facility and five other nearby projects from Ledcor Power. [1] The company was acquired by Concord SCCP General Partner (I) Inc. in May 2014 and delisted from the TSX Venture Exchange. [2]
This project was awarded a 20-year power purchase agreement in BC Hydro's 2001 Call for Green Energy Projects. [3] Construction work was carried out in less than one year by Ledcor Power and the project was commissioned in May 2005. [4] Capital costs were originally estimated at $11 million, but additional fish studies and agreements with local government and First Nations inflated costs to $14 million. [5]
Annual revenues have been estimated at $2.2m for a total of "around $50 million" over 20 years. [6] However, according to a 2008 report, Run of River's Brandywine project is "money-losing". [7]
A 40-year PPA was awarded to Run of River Inc. in 2008 Call. [8] [9] Current plans call for construction of the $94 million project to begin in 2012 and commissioning in Jan 2014. [10]
This project, proposed by Run of River's subsidiary Northwest Cascade Power Ltd., included seven generation facilities and a 42 km transmission line that would have passed through Pinecone Burke Provincial Park. [11] Capital costs were estimated at $350 million. [12]
The proposal reached the pre-application stage of British Columbia's Environmental Assessment process before being terminated by Environment Minister Barry Penner, who refused to redraw park boundaries in order to accommodate the required transmission line. [13] While Run of River's management and the local First Nation were united in their opposition to this decision, the firm is currently seeking an alternative transmission route. [14] [15]