Company co-owned by Orillia Power will build 3 MW station on Trent-Severn.
Orillia Power is taking part in a project to build a new generating station on the Trent-Severn Waterway.
Bawitik Power Corporation -- a company co-owned by Orillia Power and Sharmin Power of Toronto -- was given approval by the Independent Electricity System Operator for a 3-Megawatt generating station on Lock 25 along the Otonabee River between Lakefield and Peterborough.
Orillia Power President and CEO Keith McAllister says the lock is one a few sites in Ontario that has the potential to generate power.
He says it was a good opportunity to jump on this and grow the company.
McAllister says they went through the pre-qualification process a year and a half ago -- one of six applicants that were pre-qualified to submit a proposal.
He says they then put in a bid package and last week were successful in being awarded a contract.
McAllister says Lock 25 is also one of 4 dams on the Trent-Severn Waterway that is being rebuilt.
He says the company will be working with Parks Canada in order to do both projects at the same time.
McAllister says they will have to do an environmental assessment before they can start construction.
He says it is an important part of the process as it could affect water, species, and land.
The cost of the project will be in the $20 Million to $24 Million range with Orillia Power covering between $2.5 Million and $3 Million.
The new generation station is expected to be in operation by 2020.