Jan 30, 2009. /Lesprom.com/. Mercer International has finalized an Energy Purchase Agreement (EPA) with BC Hydro for the sale of electricity from its Castlegar mill, the company said in a statement received by Lesprom Network. The EPA is the culmination of the Mercer's proposal submitted under BC Hydro Power and Authority's competitive bioenergy call for power. Under the EPA, the Mercer will supply a minimum of approximately 238 thousand Megawatt hours (MW.h) of electrical energy annually to BC Hydro over a 10 year term with deliveries estimated to begin in Q1 2010. Earlier this year, Celgar commenced upgrades to its generation facilities, which will include the installation of a 48 MW condensing turbine, that will bring Celgar's installed generating capacity up to 100 MW, Mercer said. Mercer also noted that it has reached agreement with CIT Business Credit Canada Inc. to extend the maturity date of its $33.3 million revolving term credit facility with CIT from May 19, 2009 to May 19, 2010. The Credit Agreement provides for a maximum $33.3 million revolving line of credit in favor of the Mercer's subsidiary, Zellstoff Celgar Limited Partnership, subject to borrowing base and availability reserve restrictions. Mercer International Inc. is a global pulp manufacturing company.