Complementing Eagle Creek’s purchase of the Mongaup Falls and Rio Hydroelectric Projects, the acquisition creates a 21MW system of five reservoirs and three generating facilities for Eagle Creek in the Mongaup Valley.
Eagle Creek’s CEO Bud Cherry said the completion of the purchase of Swinging Bridge allows the company to move forward to optimize the use of river flows and reservoir storage to meet the interests of the various stakeholders and realize the full value of this system.
Including Toronto and Swinging Bridge Reservoirs as well as Cliff Lake, the project is located 60 miles northwest of New York City and produces 55,000MWh of electricity for downstate New York, US.
"This closing, together with our recent acquisition of North American Hydro, further expands Eagle Creek’s platform of small-scale hydroelectric projects and represents an important step in our continued pursuit of high-quality growth opportunities," added Cherry.
