MONTREAL, April 6 /CNW Telbec/ - Boralex Inc. ("Boralex" or the
"Corporation") has concluded the acquisition, previously announced in June
2008, of the Ocean Falls hydroelectric power station located in Northern
The power station has an installed capacity of 14.5 MW of which 2 MW are
currently being generated and sold primarily to BC Hydro under a long-term
energy sales contract. Given its hydroelectric potential, the installed
capacity of this power station could potentially be increased to more than 35
MW over the course of the coming years. At the same time, Boralex also
acquired the development rights for two other hydroelectric projects in the
same region, representing an additional 10 MW.
Patrick Lemaire, President and Chief Executive Officer of Boralex, said:
"Boralex aims to initially optimize the 2 MW currently being generated by the
Ocean Falls power station. Subsequently, our goal is to bring on-stream the
additional 12.5 MW. The future development of the remaining capacity will be
done over the next few years."
Boralex is a major private electricity producer whose core business is
the development and operation of power stations that run on renewable energy.
Employing over 300 people, the Corporation owns and operates 22 power stations
with a total installed capacity MW of 365 MW in Canada, in the Northeastern
United States and in France. In addition, the Corporation has more than 300 MW
of power projects under development. Boralex is distinguished by its
diversified expertise and in-depth experience in three power generation
segments - wind, hydroelectric and thermal. Boralex shares are listed on the
Toronto Stock Exchange under the ticker symbol BLX. www.boralex.com
Boralex also holds a 23% interest in Boralex Power Income Fund, which has
10 power stations with a total installed capacity of 190 MW in Québec and the
United States. These sites are managed by Boralex.
For further information:
For further information: Ms. Patricia Lemaire, Director, Public Affairs
and Communications, Boralex Inc., (514) 985-1353,