SNC-Lavalin has transferred a sixth public-private partnership (P3) asset, the InPower BC General Partnership, to the SNC-Lavalin Infrastructure Partners partnership for a total cash consideration of $41 million.
InPower BC General Partnership is the entity contracted to deliver and provide services to the new John Hart Generating Station in British Columbia.
SNC-Lavalin holds a 20 percent interest in the partnership that was launched in June 2017. The initial closing of the first four assets was reached in September 2017, with a fifth asset transfer completed in June 2018.
“The transfer is another great example of the success of the partnership as it creates significant value for SNC-Lavalin and enables us to continue to efficiently redeploy capital back into new development opportunities,'” said Stéphanie Vaillancourt, president, Capital and Operations & Maintenance at SNC-Lavalin.
SNC-Lavalin's Operations & Maintenance arm will continue to
