Purchasing Hydro-Québec property
When Hydro-Québec no longer needs a building or piece of property, the asset may be sold. All sales of assets are done at market value within a structured process to ensure fairness and the maximum return for the government and taxpayers.
Leasing Hydro-Québec property
Some Hydro-Québec property may seem unused but is actually slotted for future use and is therefore not for sale. Hydro-Québec continuously analyzes its real estate portfolio to determine which properties are unused or underutilized and could provide more value through temporary occupation or secondary use (e.g. in the case of a transmission line right of way). Some of these properties could then be leased.
The lease is based on the market value and must comply with the following principles:
- Asset sustainment
- Protection of property rights with a view to the operation of current and future facilities
- Asset retention
- Protection of natural, historical and archaeological heritage
- Compliance with all applicable laws and regulations
- Compliance with company standards to ensure the protection of persons
Request for Proposals
In the interest of transparency and fairness, Hydro-Québec can dispose of property through requests for proposals (RFPs). This process may be used for properties of significant value that Hydro-Québec no longer needs for its operations.
Requests for proposals are posted on the Hydro-Québec Web site and published in regional newspapers.
Closing dates and contact information are indicated in the RFP document.