Tembec announces that the recently installed turbine at the Temiscaming site has successfully met the commercial-in-service test set forth in the power purchase agreement (“PPA”) it entered into with Hydro-Québec.
The turbine operated for 100 continuous hours above the required level specified in the PPA. The company was successful in meeting the test on its first attempt. This represents a significant milestone for the company as the turbine qualification allows it to sell electricity to Hydro-Québec at the more favorable “green” power rate. The new boiler and turbine will materially improve the Temiscaming specialty cellulose mill’s cost structure and profitability.
