MONTREAL, June 9, 2011 /CNW Telbec/ - Boralex Inc. ("Boralex") and the
Témiscouata RCM (the "Partners") have signed a 20-year electricity
supply agreement with Hydro-Québec Distribution for their wind power
"Signing the agreement with Hydro-Québec Distribution is an important
stage in establishing Témiscouata wind farm," says Patrick Lemaire,
President and Chief Executive Officer of Boralex. He adds that the
"Témiscouata wind power project will be Boralex's first in this region,
which has been an enthusiastic supporter of wind power for years."
"We are especially proud of being partners in this wind farm," says
Serge Fortin, reeve of the Témiscouata RCM. "The project is a model in
terms of community participation and involvement. Our whole area will
benefit," he adds.
The Témiscouata wind power project was allotted to the Partners under
the call for tenders to develop 250 MW of community wind power. Located
on public land in the municipality of Saint-Honoré-de-Témiscouata, the
25 MW Témiscouata wind farm will start operating in late 2014. The
environmental impact study for the wind power project is currently
underway and the partners are going through each step in the
environmental approval process.
The contract will be subject for approval by the Régie de l'énergie and the project will need to obtain all the authorizations and permits
required by public authorities prior to construction.
About the Témiscouata RCM
The Témiscouata regional county municipality is an organization that
oversees land development, town planning, environmental protection, and
regional, cultural, social and community development. Chaired by an
elected reeve, the RCM council is composed of the mayors of the 19
municipalities in its territory. Through political action, the RCM
provides leadership on behalf of its citizens. In addition to
addressing the physical organization of its territory, the RCM is
involved in a number of regional development issues that have a direct
impact on the well-being and quality of life of its communities.
Boralex is a power producer whose core business involves developing and
operating renewable energy power stations with a total installed
capacity of 700 MW in Canada, the Northeastern United States and
France. Boralex is also committed under power development projects,
both independently and with European and Canadian partners, to add
approximately 400 MW of power. With nearly 350 employees, Boralex is
known for its diversified expertise and in-depth experience in three
power generation segments — wind, hydroelectric and thermal — and will
add a fourth segment to its energy portfolio with the upcoming
commissioning of its first solar power station. Boralex's shares and convertible debentures are listed on the Toronto
Stock Exchange under the ticker symbols BLX and BLX.DB, respectively.
More information is available at www.boralex.com or www.sedar.com.
SOURCE BORALEX INC.
For further information:
Ms. Patricia Lemaire
Director, Publics Affairs and Communications
Ms. Caroline Chassé
RCM of Témiscouata