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Teck sells power project

Teck Resources (CN:TECK.A) has agreed to sell its two-thirds interest in the Waneta Dam hydroelectric power facility in British Columbia to utility group, Fortis (US:FTS), for C$1.2 billion (US$877 million) in cash, which the miner says will further strengthen the balance sheet and be reinvested into the overall business.

Chris Cann
The effect the sale of Waneta Dam will have on the greater Teck portfolio is negligible, according to BMO

The effect the sale of Waneta Dam will have on the greater Teck portfolio is negligible, according to BMO

Waneta Dam on the Pend d’Oreille River generates some 2,750GWh of energy per annum, of which Teck uses about 1,880GWh for its Trail operations – one of the world’s largest fully-integrated zinc and lead...

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