in News Departments > Projects & Contracts
print the content item

Toronto, Ontario-based Tonbridge Power Inc. has entered into a letter agreement with the Western Area Power Administration (WAPA), a power marketing administration of the Department of Energy.

Pursuant to the letter agreement, negotiations are under way with Montana Alberta Tie Ltd., (MATL), for up to $161 million in senior debt, an amount sufficient to complete the construction of the MATL project. In addition, MATL has entered into negotiations with WAPA regarding certain partnership considerations with respect to the MATL project.

Tonbridge is controlling shareholder of MATL, which is developing a 300 MW, 230 kV transmission line to interconnect the electricity markets of Alberta and the U.S.

SOURCE: Tonbridge Power Inc.


Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Renewable NRG_id1934
BG 2015DblBox_id2032
Hybrid Energy Innovations 2015