TORONTO, Feb. 24 /CNW/ - Niagara Region Wind Corporation (NRWC) is
pleased to announce that it has been awarded a Feed-In-Tariff contract
from the Ontario Power Authority (OPA) for its proposed Niagara Region
Wind Power Project.
The 230 MW project represents an estimated capital expenditure of $600
million and once completed, will be one of the largest wind power
projects across Canada. The project area has a strong wind resource,
which makes it a prime location for a wind power project.
"Niagara Region Wind Corporation is thrilled to bring this renewable
energy project to the Niagara Region and Ontario. This project
represents a significant investment - providing significant job
opportunities locally, the potential for the development of localized
expertise, as well as the potential for future academic partnership
opportunities. We look very much forward to working together with the
local community as we move forward." states Mervin Croghan, NRWC's
Chairman and Chief Executive Officer.
NRWC is pursuing regulatory approvals, including completion of Ontario's
Renewable Energy Approvals (REA) Process. Construction of the project
will begin after these approvals are complete and is estimated to take
approximately two years.
"Niagara Region stands to benefit from this project. This represents an
opportunity for the Region to further define itself as a renewable
energy hub and will result in significant economic benefits for the
Region as a whole," stated Niagara Economic Development Corporation's
Vice President Market & Sector Development, Valerie Kuhns.
Niagara Region Wind Corporation (NRWC) is focused on the development of
renewable energy projects in Canada. It is an Ontario-based company
committed to investing in local communities. NRWC is a partnership
between Renewable Energy Business Ltd. and Daniels Property Acquisition
SOURCE Niagara Region Wind Corporation
For further information: