Nexterra Energy Closes Sale of Multimillion Dollar Biomass Gasification System to Dockside Green Power Limited



    VANCOUVER, Oct. 18 /CNW/ - Nexterra Energy Corp. (www.nexterra.ca)
announced today that it has completed the sale of a multimillion biomass
gasification system to Dockside Green Power Limited (DGPL). When completed in
2008, the new system will produce building heat and domestic hot water for
Dockside Green, a $600 million development on Victoria's inner harbour.
    Nexterra's gasification system converts urban wood waste into synthesis
gas or "syngas" to generate heat and hot water from biomass instead of natural
gas or grid-purchased electricity. By selecting this technology, Dockside
Green will avoid producing about 2,500 tonnes of greenhouse gas emissions
annually.
    "It has been a pleasure to work with Nexterra to complete the sale
agreement and preliminary engineering of the gasification system," said Joe
Van Belleghem, co-developer of Dockside Green Ltd. "It is a simple, elegant,
low impact solution that is perfectly suited to an urban environment. I have
no doubt that this technology will be adopted as the new standard for biomass
energy systems in communities across North America."
    Once completed, the internationally acclaimed Dockside Green development
will be a community for approximately 2,500 people, incorporating the very
highest in green standards. The project, which will be built in three phases
over the next decade, will include residential, live/work, hotel, retail,
office and light industrial uses, as well as numerous public amenities.
Dockside Green is jointly owned by Vancity Capital and Windmill West
Developments.
    "Consumers are demanding clean energy solutions that are proven, cost
competitive and reduce greenhouse gas emissions," said Lee Davis, president
and CEO of Vancity Capital. "Nexterra's technology fits these criteria
perfectly. It is a highly versatile technology that can be widely replicated
in North America and exported overseas. We look forward to working with
Nexterra to develop and finance other projects."
    DGPL is a newly formed "micro energy utility" that has been created by
Terasen Energy Services, Vancity Capital, Corix Group of Companies and
Windmill West Developments to own and operate the gasification system and
administer the heat and hot water service for Dockside Green.
    "Developing unique and viable solutions that address both economic and
environmental concerns requires a profound change in the way we do business,"
said Nexterra's CEO Jonathan Rhone. "Nexterra has been thrilled to work with
Dockside Green on this project. The unprecedented group of partners have
worked together to ensure that this remarkable waterfront community will
significantly reduce its carbon footprint and be a showcase for truly
sustainable urban development."

    About Nexterra Energy Corp. - Nexterra Energy is a leading developer and
supplier of advanced gasification systems that enable customers to
self-generate clean, low cost heat and/or power using wood waste fuels at
institutional and industrial facilities. Nexterra gasification systems combine
design simplicity with robust, fully automated, versatile and low emissions
technology. These attributes provide customers with a superior value
proposition compared to conventional solutions. Nexterra is a private company
based in Vancouver, BC, Canada. For more information: www.nexterra.ca.

    Note: Colour illustrations and a backgrounder on Nexterra's Dockside
gasification system are available.





For further information:

For further information: Raymond McAllister, Nexterra Energy Corp., Tel:
(604) 637-2507, Email: rmcallister@nexterra.ca

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Nexterra Systems Corp.

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