Thursday, February 17, 2011

Concerns Raised about the Sale of Abitibi Hydro Assets

The NDP says it wants the provincial government to take a close look at the sale of Abitibi's hydro

dams in Ontario.

MPP Gilles Bisson says any decision that allows Abitibibowater to sell hydro assets
must be carefully scrutinized and involve local community leaders.

Last week, Abitibi announced the sale of eight Hydro dams, including those in Iroquois Falls, Fort Frances and Kenora to an unnamed buyer.

The sale is still subject to approval by the Ministry of Natural Resources.

Historically the dams have provided low-cost electricity to mills in these communities.