MONTREAL, Sept. 19 /CNW Telbec/ - Boralex Inc. and Gaz Métro Limited
Partnership (the "Consortium") have submitted three bids for wind projects for
a total capacity of 375.5 MW within the framework of Hydro-Québec's call for
tenders for 2,000 MW of wind energy.
All located on the Seigneurie de Beaupré land, the property of the
Séminaire de Québec, the respective size of the three wind parks is 103.3 MW,
132.6 MW and 139.3 MW. In cooperation with the Séminaire de Québec, the
Consortium submits projects for which the visual, sound and environmental
impacts are almost inexistent. In addition, the lands of the Seigneurie de
Beaupré offer many advantages such as the proximity of TransEnergie electric
power lines as well as the exceptional wind potential. Furthermore, the lands
of the Seigneurie de Beaupré are far from inhabited or residential areas.
The Consortium is also pleased to have partnered with the wind turbine
manufacturer Enercon, whose know-how is well recognized worldwide and who
intends to build a wind turbine components plant in Matane.
Boralex is a major private electricity producer whose core business is
the development and operation of power stations that run on renewable energy.
Employing close to 300 people, the Corporation owns and operates 22 power
stations with a combined installed capacity of 347 MW in Quebec, the
northeastern United States and France. Boralex is distinguished by its leading
expertise and long experience in four types of power generation - wind power,
hydroelectric power, thermal and cogeneration power from natural gas or wood
residue. The Boralex shares trade on the Toronto stock exchange under the
ticker symbol BLX.
In addition, Boralex holds a 23% interest in Boralex Power Income Fund
which owns 10 power stations in Quebec and the United States with an installed
capacity of close to 190 MW. Management of the Fund's assets is provided by
Gaz Métro Overview
With more than $3.1 billion of assets and more than 1,500 employees in
Quebec, Gaz Métro is a leading Quebec energy company and one of Canada's
largest natural gas distributors. Gaz Métro serves about 167,000 customers in
Quebec through an underground pipeline network of almost 10,000 km.
Through its wholly-owned subsidiary, NNEEC, Gaz Métro has been active in
New England's energy industry since 1986 and has nearly 300 employees there.
NNEEC includes Vermont Gas Systems, the sole gas distributor in Vermont, and
Green Mountain Power Corporation, the second largest electricity distributor
in that State.
Through investments in wholly-owned subsidiaries or in partnerships with
other investors, Gaz Métro is active in natural gas transportation and storage
as well as energy services and water and waste water systems and fibre optic
networks. Gaz Métro also participates in various development projects in the
For further information:
For further information: Patricia Lemaire, Director, Communications,
Boralex Inc., (514) 985-1353, email@example.com