Algonquin Power announces successful progression to the next phase in Manitoba wind Request for Proposal



    165 MW of potential wind projects in Manitoba

    OAKVILLE, ON, Dec. 18 /CNW/ - Algonquin Power is pleased to announce that
it has been selected to proceed to the next phase in Manitoba Hydro's Request
for Proposal ("RFP") 025089, Potential Purchase of Output from Manitoba Wind
Powered Electrical Generation Facilities.
    Algonquin Power is a North American renewable energy company and the
first independent wind power producer in the province of Manitoba. Algonquin
Power owns and operates St. Leon Wind Energy, a 99 MW wind farm with a proven
wind resource located in and around the community of St. Leon.
    Two projects totaling 165 MW submitted by affiliates of Algonquin Power
have been selected for further participation in the RFP process. The two
projects consist of the 99 MW Glenwood Wind Energy Project located in the
Rural Municipality of Glenwood, near the Town of Souris, Manitoba, and a 66 MW
expansion of Algonquin Power's 99 MW St. Leon Wind Energy facility located in
the Rural Municipalities of Pembina and Lorne.
    Further participation in the RFP could include the supply of additional
technical information and supplementary information to be used in the final
evaluation process. A successful next phase of the RFP process would see
Algonquin Power engaging in Power Purchase Agreement negotiations with
Manitoba Hydro.
    "Achieving the next stage in the RFP process with Manitoba Hydro is both
exciting and significant to Algonquin Power's renewable energy project
development pipeline in Canada," stated David Kerr, executive director of
Algonquin Power. "We are very pleased to be moving into the next phase with
two of Algonquin Power's projects, and look forward to the potential
opportunity to grow our wind presence in Manitoba, and further enhance our
community relationships in St. Leon."
    Following the very successful financing of St. Leon Wind Energy, and upon
successful execution of a Power Purchase Agreement, Algonquin Power will be
evaluating the various financing options available to fund these potential
projects.

    About Algonquin Power Income Fund

    Algonquin Power is an open-ended investment trust that owns and has
interests in a diverse portfolio of renewable power generation and sustainable
infrastructure assets across North America, including 48 renewable energy
facilities, 12 thermal energy facilities, and 17 water distribution and
waste-water facilities. Algonquin Power was established in 1997 to provide
investors with sustainable, highly stable cash flows through a diversified
portfolio of renewable energy assets. Algonquin Power's units and convertible
debentures are traded on the Toronto Stock Exchange under the symbols APF.UN,
APF.DB & APF.DB.A and units are included in the S&P/TSX Composite Index.

    %SEDAR: 00009265E




For further information:

For further information: Ms. Kelly Castledine, Algonquin Power Income
Fund, 2845 Bristol Circle, Oakville, Ontario, L6H 7H7, Telephone: (905)
465-4500, E-mail: APIF@algonquinpower.com, Web Page: www.algonquinpower.com


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