Posted on 20/08/08
Ottawa to unveil funding for Cloudworks project
The federal government this morning will announce funding for privately held Cloudworks Energy Inc. of Vancouver, which is building a run-of-river hydroelectricity project near the city. The money is part of a 10-year "ecoEnergy" program launched by the government last year, with a total budget of $1.5-billion, which works out to $15-million per province per year, if split equally. A spokesman for Gary Lunn, Minister of Natural Resources, said other ecoEnergy initiatives would be unveiled along with the Cloudworks funding.
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