Hydro-Québec has acquired the historic site of the former Hôpital de la Miséricorde for CAD 15 million to construct a new electrical substation in downtown Montreal.
Information on the Target
Hydro-Québec has acquired the former site of the Hôpital de la Miséricorde for CAD 15 million, intending to establish a new electrical substation in downtown Montreal. This significant investment marks the company's commitment to enhancing the city's electrical infrastructure while permanently changing the use of the land adjacent to the Grande Bibliothèque du Québec.
The former Hôpital de la Miséricorde sits on a substantial block in the heart of the city, bordered by René-Lévesque Boulevard, and the streets of Saint-Hubert, Saint-André, and De La Gauchetière. This location is not only central but also carries considerable historical value.
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Industry Overview in Canada
The electrical utility industry in Canada is characterized by its reliance on renewable sources, particularly hydroelectric power, which dominates production in provinces like Quebec. Hydro-Québec
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in a Buyout deal
Disclosed details
Transaction Size: $15M
Enterprise Value: $34M