VANCOUVER, April 11, 2011 /CNW/ - Run of River Power Inc. (TSXV: ROR)
("ROR Power" or "the Company") today announced it has submitted a
development plan for its 25 MW Skookum Power Project to the Ministry of
Natural Resource Operations.
"The submission of our development plan is a significant milestone for
the Company," says ROR Power President and CEO Rick Hopp. "A tremendous
amount of work goes into preparation of the plan and the fact that
we've submitted it moves us one step closer to bringing this project to
Requirements of a development plan include a detailed description of the
project, summaries of the studies conducted, and an extensive analysis
of potential impacts relating to the construction and operation of the
"It's another check in ensuring all hydroelectric projects built in BC
are able to meet the strictest environmental standards," explains Mr.
Following submission, the plan is subject to review and adjudication by
First Nations, relevant agencies, third parties, provincial statutory
decision makers and federal decision makers under the Fisheries Act and
Canadian Environmental Assessment Act. Once approved, the Company will
receive initial permits required to begin construction.
The Company formally signed a 40-year electricity purchase agreement
with BC Hydro in May 2010. Construction is scheduled to begin in the
second quarter of 2012, with commercial operation set for January
2014. When completed, the Skookum Power Project will be the Company's
second operating hydroelectric power plant in BC.
About Run of River Power Inc.
Run of River Power Inc. develops renewable, sustainable energy through
its portfolio of run-of-river and biomass projects. The Company
operates an Eco Logo© 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
25 MW Skookum Creek Power Project, awarded an Electricity Purchase
Agreement by BC Hydro in 2010. ROR Power's total development potential
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.
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