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Englehart, Northeastern Ontario (Timiskaming District, south of Kirkland Lake)

This 148-acre private property on the Larder River near Englehart Ontario offers a rare chance to purchase a spectacular building site and the development rights for a run-of-river (no dam) hydro project with a 40-year government contract to supply grid power at a fixed price. Projected contract revenue of $70 million.

The site can also serve as an off-grid eco-retreat or green tourism venture, since it has a Provincial waterway Park a few kilometers upstream, several kilometers of pristine river and rapids downstream, and is surrounded by Crown land. Or it could power a licenced cannabis growing operation, commercial greenhouse, etc.

Selling property, related company and development rights for $400,000 due to health reasons.

  • 40-year Ontario Feed in Tariff contract in place, with (escalated) base price of $.13 cents/kwhr. Projected annual revenues of $1.77 million; cumulative 40-year gross revenues approximately $70 million
  • Projected annual energy generation 13 million kwhrs; Design gross head: 42 meters; average design flow: 9.5 cm/s; average annual capacity factor: 50% (OEL/Hydrosis)
  • Virtually all environmental assessment work completed (eg fisheries, community consultation) by Bluetech/Ottawa Engineering. Minimal EA cost and risk going forward.
  • Seller owns key parcel of private land (148 acres), all development rights, and 40-year FIT contract (via Wendigo Power Partnership Inc.)
  • Connection to Hydro One grid approved (initial CIA); 3 Mw reserved for project on HONI transformer station.
  • No other private land or private buildings within 1 km of powerhouse location. Canoeists use upstream provincial waterway park. Minimal public opposition expressed since no flood zone will be created.
  • Key private parcel adjacent to paved Highway 624 at hamlet of Marter; intake and penstock area accessible by public gravel road. Large solar project on project site also feasible.
  • Due diligence, capital cost estimates, site inspections etc. at cost and risk of potential purchasers.

Paul McKay

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Topical Links & Resources:

Ontario Ministry of Energy - FIT and MicroFIT Programs

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EcoProperty ID: 44827       Date posted to EcoProperty.ca: Mar 26 2018