Boralex Power Income Fund initiates sales process

    MONTREAL, March 2 /CNW Telbec/ - Boralex Power Income Fund (the "Fund")
announces that the Special Committee of its Board of Trustees has resolved to
commence a process to solicit proposals leading to a potential sale of, or
merger with, the Fund.
    While this process is undertaken, Boralex Energy Inc., a wholly-owned
subsidiary of Boralex Inc., continues in its capacity as the manager of the
Fund, a role that it has fulfilled since the inception of the Fund in February
    Following the Fund's announcement of January 12, 2007, and after having
received the views of its financial advisors, the Fund selected this course of
action after careful review of strategic alternatives to enhance unitholder
    Genuity Capital Markets has been assisting the Special Committee with the
strategic review process and will manage the sales process. The initiation of
this process is not in response to any proposed transaction nor can there be
any assurance that it will lead to a transaction.

    About Boralex Power Income Fund

    Boralex Power Income Fund is an unincorporated open-ended trust that
indirectly owns ten power generating stations located in the province of
Québec and the United States producing energy from different sources including
wood-residue or natural gas-fired thermal and cogenerating facilities as well
as hydroelectric power stations. In total, these power stations have an
installed capacity of 190 MW. The Fund's units are listed for trading on The
Toronto Stock Exchange under the symbol BPT.UN.

For further information:

For further information: concerning the sales process: Mr. Marc
Fredette, Principal at Genuity Capital Markets, (514) 281-3240,

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