/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES WIRE
CALGARY, June 12 /CNW/ - EarthFirst Canada Inc. ("EarthFirst") (TSX: EF,
EF.WT) is pleased that BC Hydro yesterday announced the terms of its Clean
Power Call. EarthFirst anticipates submitting bids into the BC Clean Power
Call in respect of its two fully permitted Peace Region wind energy projects;
the Dokie Expansion of up to 156 MW and the Wartenbe project of up to 70.5 MW.
The Dokie Expansion and Wartenbe projects received Environmental Assessment
Certificates from the British Columbia Environmental Assessment Office in
August and October 2006 respectively, and have also been issued Licence of
Occupation tenures to the project Crown land by the Government of British
In addition to the fully permitted Dokie Expansion and Wartenbe projects,
the corporation is evaluating potentially submitting other wind energy
projects from its BC pipeline into the Clean Power Call as BC Hydro has
indicated it will consider proposals of potential longer lead time projects
with commercial operation dates as far out as 2016.
According to the schedule released by BC Hydro, proposals are to be
submitted by November 25, 2008, with Electricity Purchase Agreements to be
awarded mid-April through June, 2009.
EarthFirst is a leading Canadian developer of wind energy projects with a
portfolio of over 2,500 MW of potential renewable generating capacity. This
includes the Company's 144 MW Dokie I project in British Columbia which has
commenced construction and is due to be completed in 2009. Common Shares and
Warrants of EarthFirst Canada Inc. are listed on the TSX under the symbols EF
and EF.WT, respectively.
Certain statements included in this news release constitute
"forward-looking information" within the meaning of applicable securities
legislation including submission of bids into the BC Clean Power Call, the
timing of the construction of the Dokie I project and anticipated completion
of the financing of this project. Such forward-looking information involves
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of EarthFirst to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking information.
Specifically, some of the material risks include not being able to
acquire required permits, delays in construction timing or turbine delivery
and not being able to complete the financing for Dokie I Project. In providing
such forward-looking information we have made various assumptions regarding,
among other things, turbine availability, timing of the receipt of permits,
interest rates, foreign currency exchange, projected construction costs,
timeframes and the costs of and availability of skilled labour.
The forward-looking information contained in this news release represents
the expectations of EarthFirst as at June 12, 2008, and, accordingly, is
subject to change after such date. However, EarthFirst expressly disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as
required by applicable law.
For further information:
For further information: Derren Newell, VP, Finance and Chief Financial
Officer, EarthFirst Canada Inc., Tel: (403) 513-0766, Toll Free:
1-877-513-0777, E-Mail: email@example.com