January 28, 2019 / 11:23 AM / a month ago

Canadian utility Fortis to sell stake in British Columbia hydroelectric project

Jan 28 (Reuters) - Electric and gas utility Fortis Inc said on Monday it would sell a majority stake in its hydroelectric project in British Columbia to Columbia Power Corp and Columbia Basin Trust for about C$1 billion.

The company expects the deal to close within 90 days. (Reporting by Debroop Roy in Bengaluru Editing by Saumyadeb Chakrabarty)

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