Brascan acquires generating. (Around: The North).Brascan Power, the energy subsidiary of the Brascan Corp. conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. , announced earlier this month it is prepared to pay $30 million in cash to purchase the remaining 50 per cent of the Lake Superiro power generating plant in Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. . The company will assume $35 million in debt to purchase the plant, once it gets required regulatory approvals. The deal facilitates the company's growth strategy of investing in high-quality, low-cost generating assets, and diversifies its power base, says an official with the company. The Toronto-based company is continuing its rapid expansion into the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. electrical generation business. Brascan operates, in conjunction with the Lake Superior power generating plant, 16 hydroelectrical plants in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it , producing more than 940 megawattts of power. |
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