MONTREAL, May 3 /CNW Telbec/ - Boralex inc. ("Boralex") and Boralex Power Income Fund (the "Fund") will comment on the proposed acquisition of the Fund by Boralex announced today and the Fund will present the 2010 first quarter results during a conference call.
Time and date: Tuesday, May 4, 2010 at 8:30 a.m. ET
Dial number: 514-807-9895 or 1 888-231-8191
All individuals interested by those announcements are invited to listen to the conference and to look at a presentation which will be broadcast live or deferred on the Fund corporate website at www.fundboralexenergy.com, on the Boralex website at www.boralex.com and on the CNW website at www.cnw.ca. A full replay will also be available by dialling 416-849-0833 or toll free at 1 800-642-1687 until May 11, 2010. The access code is 68015439.
The financial information will be released through a press release and on the Fund's website and the presentations about the proposed acquisition will be posted in the evening on the Boralex's website on May 3, 2010.
Boralex is a major independent power producer whose core business is the development and operation of power stations that generate renewable energy. Employing over 300 people, the Corporation operates 29 power stations with a total installed capacity of 417 megawatts ("MW") in Canada, in the Northeastern United States and in France. In addition, the Corporation has, alone or with its European and Canadian partners, power projects under development that will add close to 300 MW of power, of which almost 100 MW will come online by the end of fiscal 2010. Boralex is distinguished by its diversified expertise and in-depth experience in three power generation segments - wind, hydroelectric and thermal. 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. Boralex shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbol BLX.
About Boralex Power Income Fund
Boralex Power Income Fund (the "Fund") is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Québec and in the United States producing energy from different sources including wood-residue or natural gas 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 on the Toronto Stock Exchange ("TSX") under the symbol BPT.UN.
SOURCE Boralex Inc.
For further information: For further information: Ms. Patricia Lemaire, Director, Publics Affairs and Communications, Boralex Inc., (514) 985-1353, email@example.com