POLITICS

Sale of Brooklyn Power to Nova Scotia utility company Emera finalized

07/25/2013 12:23 EDT | Updated 09/24/2013 05:12 EDT
BROOKLYN, N.S. - The sale of the Brooklyn Power generating facility to a subsidiary of Nova Scotia utility company Emera (TSX:EMA) is complete.

Emera Energy has paid $25 million for Brooklyn Power in a sale that was first announced last December.

The sale was part of a larger deal that saw the provincial government buy the former Bowater Mersey paper mill near Liverpool, N.S., from Resolute Forest Products and convert it to a research and demonstration centre for biomass energy and forestry.

About 30 people work at the Brooklyn power plant, a 30-megawatt biomass generating facility.