October 4, 2004

BC proposes tax relief to promote green energy

PEMBERTON, BC-In order to promote green energy in the province, British Columbia Energy Minister Richard Neufeld has proposed further tax relief for independent run-of-river power producers. Run-of-river projects use the natural flow of a river and gravity, rather than large dams, to power their turbines. The government proposes to provide a partial property tax exemption for the penstock system (the pipe system that carries water from the river to the turbine) for run-of-river hydro projects. The exemption will make such projects more cost-competitive with conventionally-fuelled power generation facilities.
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