Resolute Forest Products buys idled co-gen plant in Dolbeau, Quebec:
Resolute Forest Products (formerly known as AbitibiBowater) has purchased the idled co-generation plant at Dolbeau, Quebec from Boralex for $5 million.
AbitibiBowater idled its Dolbeau mill in June 2009, putting 240 workers out of work. Boralex operated the co-generation plant at the mill, producing steam generated power from wood waste. Boralex sold that power to Hydro-Quebec.
Boralex lost its supply of wood and steam when AbitibiBowater closed the Dolbeau mill, leaving Boralex little choice but to idled the co-gen plant.
Now that Resolute Forest Products owns the power generating plant, it is possible that Resolute may reopen one paper machine the mill.
Currently, Resolute is trying to convince Hydro-Quebec to restart the electricity purchase agreement.
