VANCOUVER, Oct. 29 /CNW/ - Sky Harvest Windpower Corp., (OTCBB: SKYH) ("Sky Harvest" or "the Company"), welcomes the announcement by SaskPower on October 28, 2009 of the Green Options Plan and the Green Options Partners Program, which will add a further 200 megawatts (MW) of Windpower to SaskPower's generation capacity.
Under the Green Options Plan, SaskPower intends to procure up to 175MW of wind power from independent power producers. SaskPower has announced that a formal Request for Qualifications to identify qualified bidders will be issued on December 1, 2009. Further details of the Green Options Plan will be released before the end of the year.
"This program delivers on the Saskatchewan Government's commitment to provide the province with a reliable, cost-efficient and environmentally sustainable power generation system. Windpower can meet these obligations and new forecasting technologies are ever increasing the reliability of the resource." said Chris Craddock, President and C.E.O. of Sky Harvest.
Sky Harvest Windpower Corp, through its subsidiary Sky Harvest Windpower (Saskatchewan) Corp., is developing two utility scale wind farm projects in Southwest Saskatchewan.
The Sky Harvest project near Birsay is at an advanced stage of design and engineering, and is potentially at least a 150MW facility. A project of this size could deliver enough electricity to supply 65,000 Saskatchewan homes. The proposed project could provide up to 180 jobs during construction with a third of those being primarily local opportunities.
Sky Harvest intends to respond to the Request for Qualifications when it is released.
ON BEHALF OF THE BOARD OF
SKYHARVEST WINDPOWER CORP.
Chris Craddock, President
Safe harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements. Forward-looking statements may include financial and other projections, as well as statements regarding the Company's future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. The Company uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform to the Company's expectations and predictions is subject to a number of risks, assumptions and uncertainties. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those indicated. Forward looking statements in this press release include the following: that SaskPower intends to procure up to 175MW of wind power from independent power producers, that new forecasting technologies are increasing the reliability of the resource, that SaskPower will issue a formal Request for Proposals on December 1, 2009, that Sky Harvest Windpower (Saskatchewan) Corp. is developing two utility scale wind farms in Southwest Saskatchewan, that the project near Birsay is at an advanced stage of design and engineering and is capable of being at least a 150MW facility that would deliver enough electricity to supply 65,000 Saskatchewan homes, and that the proposed project would provide approximately 180 jobs during construction with a third of those being primarily local opportunities.
Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to keep our qualified personnel; that our estimates of environmental impacts are inaccurate; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended windfarm business, that weather, logistical problems or hazards may prevent us from continuing the development of our windfarm business, inability to obtain pertinent agreements and permits, construction of project facilities, failure by the Saskatchewan government to issue requests for qualifications or requests for proposals or pursue an electrical power generation strategy based on wind power. Readers should refer to the risk disclosures outlined in the Company's periodic reports filed from time to time with the United States Securities and Exchange Commission on EDGAR at www.sec.gov and with the British Columbia Securities Commission at www.sedar.com.
SOURCE Sky Harvest Windpower Corp.
For further information: For further information: INFORMATION: PH: (604) 601-2070; INVESTOR RELATIONS: 1-877-700-7021 (Toll Free); For information on Sky Harvest Windpower Corp. see www.skyharvestwind.com