Fortis Generation Similkameen LP has announced it will not presently move forward with the proposed Similkameen River water management and hydroelectric project in British Columbia, Canada, after recent feasibility studies showed the project was not financially viable at this time.
Project manager Joseph Sukhnandan said that while the firm believed that building a facility on the Similkameen River would create many benefits for the area, the results of its latest engineering and economic studies showed the development would not be cost effective.
The proposed 165m concrete facility was expected to have useable water storage and deliver between 45 to 65MW of electrical capacity along with the associated water management benefits.
Various groups have investigated the feasibility of a water storage and hydroelectric facility in the area since the 1990s.
Fortis Generation Similkameen LP, which is indirectly, wholly owned by Fortis Inc, said it may re-evaluate the viability of the project in the future based on customer demand and market conditions.
