Boralex Power Income Fund : start of the arbitration proceedings



    MONTREAL, Jan. 24 /CNW Telbec/ - Boralex Power Income Fund (the "Fund")
announces that the Quebec Superior Court has issued a permanent and
interlocutory injunction ordering AbitibiBowater to suspend the effect of its
unilateral termination of the Dolbeau cogeneration power station service
contract.
    The injunction will remain in effect until the conclusion of the
arbitration which was requested by the Fund in accordance with the service
contract. The Fund estimates that the court of arbitration should start the
arbitration proceedings soon.

    About Boralex Power Income Fund

    Boralex Power Income Fund is an unincorporated open-ended trust that
indirectly owns ten power generating stations located in the province of
Québec and the United States producing energy from different sources including
wood-residue or natural gas-fired thermal and cogenerating facilities as well
as hydroelectric power stations. In total, these power stations have an
installed capacity of 190 MW. The Fund's units are listed for trading on The
Toronto Stock Exchange under the symbol BPT.UN.




For further information:

For further information: Ms. Patricia Lemaire, Director, Communications,
Boralex Power Inc., (514) 985-1353, patricia.lemaire@boralex.com

Organization Profile

BORALEX POWER INCOME FUND

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890