Guelph, Ont., January 9, 2017 – City staff have been busy negotiating changes to agreements related to the Hanlon Creek Business Park and the Downtown District Energy Nodes since City Council directed them to do so last July.
The City worked with the Independent Electricity System Operator and Envida Community Energy Inc. to cancel contracts to deliver two 10 megawatt combined heat and power systems in Guelph with no penalties.
The City of Guelph helped facilitate amending agreements which—together—result in:
- the full return of security deposits to Envida, valued at $612,000;
- Envida avoiding paying $60 million for once-planned district energy infrastructure; and
- realizing the full projected revenue of close to $1.3 million for 3.74 acres of City-owned property in the Hanlon Creek Business Park.
“This adjusted approach to district energy in Guelph puts into action one of the recommendations from the 2016 business case and follows the direction from Council,” says Peter Cartwright, general manager of Business Development and Enterprise Services.
Further details about the district energy contract changes are found in the staff report.
For more information
Peter Cartwright, General Manager
Business Development and Enterprise Services
519-822-1260 extension 2820