VANCOUVER, July 16, 2010 /CNW/ - Run of River Power Inc. (TSX-V: ROR) ("ROR Power" or "the Company") today announced it has registered its Suskwa and Tsilhqot'in projects for inclusion in BC Hydro's Bioenergy Phase 2 call.
Through its subsidiaries, ROR Power is advancing the development of the Tsilhqot'in plant in Hanceville, BC, and the Suskwa plant near New Hazelton, BC. Each project will have generator nameplate capacity of 34 MW. The projects will enable the efficient incineration of biomass such as beetle-damaged trees, decadent-forest trees, forestry waste and sawmill residue to generate electricity.
ROR Power is currently preparing its project proposals and intends to submit them prior to the October 28, 2010, deadline. Selection of preferred proponents by BC Hydro is currently scheduled for mid-January 2011, with final approvals and EPA signings expected in April 2011.
About Run of River Power Inc.
Run Of River Power Inc. (ROR Power) develops renewable, sustainable energy through its portfolio of run-of-river and biomass projects in British Columbia. The Company operates an Eco Logo(C) certified hydroelectric power generation station at Brandywine Creek, near Whistler, BC that generates cash flow under a 20-year contract with BC Hydro. ROR Power is well positioned for profitable growth through power generation initiatives that include its Mamquam Power Project, selected by BC Hydro for an Electricity Purchase Agreement. ROR Power's total development potential, in excess of 715 MW, represents a significant opportunity to help BC meet its rising demand for clean, sustainable power and achieve energy self sufficiency by 2016.
Statements in this release which describe Run of River Power Inc.'s intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve unknown risks and uncertainties which may cause the actual results, performances or achievements of Run of River Power Inc. to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. Run of River Power Inc. may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions and will update such forward-looking statements as required pursuant to applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Run of River Power Inc.
For further information: For further information: Vick Dusik, Chief Financial Officer, Tel: 604-946-9232, email@example.com