OLG sells Windsor casino energy assets to Enwave
Source: OLG
Ontario Lottery and Gaming Corporation (OLG) finalised an agreement to sell its Windsor Energy Centre assets to Enwave Windsor Holdings Limited Partnership, OLG said. Enwave will lease the site until at least 2040 and supply heating, cooling and backup electricity to the casino’s West Block under a service agreement. OLG said the transaction provides an upfront payment, ongoing annual payments and avoids future maintenance costs.
OLG avoids future maintenance costs while Enwave supplies casino energy services under a lease and service agreement.