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Tembec sells power onto grid
Jan. 28, 2015, Montreal - The recently installed turbine at Tembec's Temiscaming site has successfully met the commercial-in-service test set forth in the power purchase agreement ("PPA") it entered into with Hydro-Québec.
January 28, 2015 By CNW Telbec
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 Tembec 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.
Tembec is a manufacturer of forest products – lumber, pulp, paper and specialty cellulose – and a global leader in sustainable forest management practices. Principal operations are in Canada and France. Tembec has approximately 3,400 employees and annual sales of approximately $1.6 billion. Tembec is listed on the Toronto Stock Exchange (TMB).
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