NaiKun, in its quarterly shareholder update Monday, says BC Hydro is not considering the C$2bn, 396 megawatt project, planned for the waters of Hecate Strait, under its current Clean Power Call. The utility’s decision became clear in late March when it awarded power purchase agreements to four other projects. NaiKun Wind Energy Group first announced the rejection 31 March. A power contract was among the final remaining hurdles facing NaiKun.
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