The project is subject to regulatory approval from the Nova Scotia Utility and Review Board. Plans call for commercial operation in late 2012.
The utility, based in Halifax, estimates the investment will include C$93m for construction and $80m to purchase assets from New Page.
"We are working with one of our largest customers to sustainably displace imported fossil fuels, a project that will benefit the environment and economy in Nova Scotia," says Robin McAdam, executive vice president, sustainability, for Nova Scotia Power .
"This
