The five hydroelectric projects have a combined installed capacity of 35.2 megawatts and the agreed upon price is $70,000,000.Read more
If the wood harvesting is done correctly, the forest will be able to replenish itself. Therefore it is considered a renewable resource and it will allow Nova Scotia Power Inc. to reduce the amount of power it produces from non-renewable sources of fuel.Read more
The company assured U.S. industry analysts this week that it expects the project to get the green light and the $80 million from the sale of an existing boiler at Port Hawkesbury by the end of the year.Read more
NewPage Corp., the Ohio company that owns the pulp mill NewPage Port Hawkesbury, lost $174 million in the second quarter of its financial year, despite an increase in sales.
The parent company, which has undergone a major shakeup of its top executives, reported having $7 million in cash and $113 million available on a line of credit. But it also has a debt of $3.4 billion.Read more
The decision was reached Thursday after testimony from John Antonuk of Liberty Consulting Group in Pennsylvania at the provincial Utility and Review Board.Read more