Canadian Hydro acquisition

Canadian Hydro Developers Ind. has agreed to buy Canadian Niagara Wind Power Co. (CNWP) from Canadian Niagara Power Co. for C$2.25m ($1.54) plus the assumption of C$10.6m in debt. CNWP owns the 52-turbine Cowley Ridge Wind Farm in southern Alberta, the output of which is sold to TransAlta Corp.