Item - 2025.EP16.22

Tracking Status

This item was considered by the Exhibition Place on April 28, 2025. The Committee received the item for information only. No further action will be taken on this item.

EP16.22 - Authorizing the Wastewater Energy Project at Exhibition Place

Decision Type:: ACTION

Status:: Received

Ward:: 10 - Spadina - Fort York

Board Decision

The Board of Governors of Exhibition Place received the item for information.

Origin

(April 25, 2025) Letter from the City Clerk

Summary

City Council on April 23 and 24, 2025, adopted Item MM29.13 and, in so doing, authorized
Exhibition Place to negotiate and execute a non-competitive procurement contract with Noventa Aggregator GP Inc. on behalf of Noventa Exhibition Place LP, for the supply of hot water, chilled water and power generation capacity to Exhibition Place's district energy system over a term of 30 years commencing on date July 1, 2026, with an anticipated spend of eighty two (82) million dollars over the course of the term, on terms and conditions satisfactory to the Board of Governors of Exhibition Place, and in a form satisfactory to the City Solicitor.

Background Information

(April 25, 2025) Letter and Attachment from the City Clerk on Authorizing the Wastewater Energy Project at Exhibition Place
https://www.toronto.ca/legdocs/mmis/2025/ep/bgrd/backgroundfile-254940.pdf

Motions

Motion to Add New Business at Committee moved by Deputy Mayor Ausma Malik (Carried)

Motion to Receive Item moved by Deputy Mayor Ausma Malik (Carried)

That the item be received for information.