Energy expansion on Brascan's list.

• Position: NEWS - Brief Article

Brascan Power Corp., the parent company of the Sault Ste. Marie-based Great Lakes Power, is submitting a proposal to the province for a 116-megawatt cogeneration facility in the Sault.

The province is issuing a second round of RFPs to interested parties and investors to develop 2,500 megawatts of renewable energy.

The natural gas-steam plant would be located next door to an existing 110-megawatt co-gen plant, run by Brascan subsidiary, Lake Superior Power.

"We're certainly interested in expanding our power operations in northeastern Canada and the United States," says Katherine Vyse, Brascan's senior vice-president of communications. "We've invested a half-billion dollars in Ontario since the market opening two years ago and this would be another part of our strategy to...