/NOT FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, March 26 /CNW/ - Run of River Power Inc. (TSXV: ROR) ("ROR")
today learned that BC Environment Minister Barry Penner advised he would not
recommend to Cabinet or the BC Legislature acceptance of a Park Boundary
Adjustment Proposal submitted by Run of River's wholly owned subsidiary,
Northwest Cascade Power Limited, for Pinecone Burke Provincial Park.
The comment period, scheduled to run until April 2, 2008, was effectively
short-circuited by the Minister's surprise announcement. "It was not only a
surprise to us, but it was also a surprise to the Katzie First Nation who are
co-managers of the park, and on whose traditional territory the Upper Pitt
River Project is located," said Jako Krushnisky, President of Run of River
"The process is vital to investor certainty and confidence especially in
these uncertain times in financial markets. The pre-emptive action by the
Minister before the process was allowed to complete this phase of progress has
raised a number of questions about the government's next steps, Krushnisky
said. "For our part, as we have done at every milestone in this long process,
we are evaluating where we're at, project planning is continuing, and we are
considering our next steps going forward."
About Run of River Power Inc.
Run of River operates an Eco Logo(C) certified hydroelectric power
generation station at Brandywine Creek, near Whistler, BC and sells the power
to BC Hydro on a long-term 20 year contract.
ROR is currently developing hydroelectric projects in two clusters
located near Vancouver, British Columbia. Further, an additional ten projects
under development by ROR, having a potential capacity of 213 MW, could
generate over 692,000 MWh/yr of electricity offsetting over 249,000 tons of
CO(2) annually, when completed.
This potential production by ROR could provide in excess of $60 Million
per year in gross revenue to ROR, while significantly contributing to the
Province of British Columbia's goal of energy self sufficiency.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this Release.
For further information:
For further information: Jako Krushnisky, President and CEO or Vick
Dusik, CFO at (604) 946-9232 or David Speck at (416) 368-8464