Elk Falls, a consortium comprising Brookfield, Fiera Axium, OPB, Gracorp and CC&L, have resubmitted their bid for a long-term contact with BC Hydro to design, build, and maintain a new , replacement 135MW hydroelectric power generating station on Vancouver Island, Canada. Bidders were invited to resubmit their bids based upon a revised scope of work, as they were all considered unaffordable to the authority initially.

It is anticipated that construction will take 5 years and will be operated by the winning bidder for a period of 15 years.

Operis performed a full model audit on behalf of Elk Falls as part of their final bid, which was submitted on October 28, 2013.

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Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.

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