Accident at ULHP construction site

LONGUEUIL, QC, Nov. 19, 2015 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") regrets to report that an explosion occurred last night at the Upper Lillooet Hydro Project (ULHP) construction site in British Columbia, which resulted in the death of an employee of Prime Contractor CRT-EBC SENC. Another worker has received medical care and is currently considered out of danger.

"We are all, at Innergex, deeply saddened by this news, and our thoughts and condolences are with the families and friends of the deceased, and those affected by this accident. Innergex is collaborating fully with authorities through the course of their investigation", says Michel Letellier, President and Chief Executive Officer of the Corporation.

We are anticipating more information about the circumstances surrounding the incident from the authorities and the Prime Contractor.

About Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent renewable power producer. Active since 1990, the Corporation develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms and carries out its operations in Quebec, Ontario, British Columbia, and Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 34 operating facilities with an aggregate net installed capacity of 708 MW (gross 1,216 MW), including 27 hydroelectric operating facilities, six wind farms, and one solar photovoltaic farm; (ii) interests in four projects under development or under construction with an aggregate net installed capacity of 187 MW (gross 297 MW), for which power purchase agreements have been secured; and (iii) prospective projects with an aggregate net capacity totaling 3,190 MW (gross 3,330 MW). Innergex Renewable Energy Inc. is rated BBB- by S&P.

The Corporation's strategy for building shareholder value is to develop or acquire high-quality facilities that generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital, and to distribute a stable dividend.

 

SOURCE Innergex Renewable Energy Inc.

For further information: Martine Benmouyal, Senior Advisor - Communications, 450 928-2550, ext. 335, MBenmouyal@innergex.com, www.innergex.com; Amrit Dhatt, Advisor - Development, Partnerships and Community Relations, 604 633-9990, ext. 252, ADhatt@innergex.com

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