TSX : SXI
VANCOUVER, Feb. 3, 2012 /CNW/ - Synex International Inc. (the "Company")
announces that the commissioning of the 4.4MW Barr Creek Hydroelectric
Plant (the "Plant") is complete and the Plant is now delivering
electricity commercially to BC Hydro and Power Authority ("BC Hydro").
The Plant is located about 10 km south of the Village of Zeballos on
Vancouver Island, British Columbia, and is delivering electricity under
a 40 year electricity purchase agreement between Barr Creek Limited
Partnership ("BCLP") and BC Hydro.
The limited partners in BCLP are Synex Energy Resources Ltd. ("Synex"),
a wholly owned subsidiary of the Company and the Ehattesaht Tribe (the
"Ehattesaht"). The general partner of BCLP is Barr Creek Hydro Ltd.
("BCHL"). Synex holds 80% of the units of BCLP and shares of BCHL and
the Ehattesaht hold 20 % of BCLP and BCHL respectively.
Synex International Inc is an experienced run of river hydroelectric
developer and consultant in British Columbia with over 15 professionals
located in the Vancouver office. The Company wholly owns or has
interests in 12 MW of operating facilities and has applications for
water licences and land tenure on over 70 potential hydroelectric sites
which are in various stages of development.
Greg Sunell, President
This press release contains forward-looking statements that involve
risks and uncertainties. These statements reflect our current expectations and are subject to change. They are subject to a
number of risks and uncertainties including, but not limited to, changes in economic conditions, risks associated with the
construction and operation of hydroelectric facilities and changes in government policies.
SOURCE Synex International Inc.
For further information:
400 - 1444 Alberni Street, Vancouver B C V6G 2Z4
Phone (604) 688 8271 Ext. 309 Fax (604) 688 1286
E-mail: email@example.com Web Site: www.synex.com/