An Australian investment firm is now a part owner of the company which operates hydro dams in Fort Frances and Kenora.
TCorp says it’s completed a deal with H2O Power that sees its gaining 49 per cent interest in the power company.
H20 Power operates eight hydro-electric generating stations, three control dams and 130 kilometres of transmission line across northern Ontario.
In a joint release, H20 Power’s president Jim Gartshore says “the existing team which formed H2O in 2007 will continue to operate, maintain and manage the facilities.”
