MONTREAL, Sept. 10 /CNW Telbec/ - Boralex Power Income Fund (the "Fund")
announces today a temporarily cease of its operations at the wood-residue
thermal plant in Senneterre, Québec, starting September 21 up to November 15.
The decision to momentarily cease the operations of the power station results
from the on-going difficulties in securing wood residue supply in the region.
Patrick Lemaire, President of Boralex Power Inc. and Manager of the
Senneterre power station noted that: "the Fund is facing a reduction of its
fuel supply following certain sawmills closures in the region, which in turn
currently affects its power generation. During this downtime, we will carry
out regular maintenance which had already been forecast for about a week's
The power station has an installed capacity of 34.6 MW and employs about
30 employees. The Fund will evaluate on a monthly basis the prevailing market
conditions and expects to be in a position to resume its activities in time
for the capacity premiums period, namely from December to March.
Furthermore, the Dolbeau wood-residue thermal power station is also
experiencing difficulties in getting fuel supply because of sawmills closures.
With an installed capacity of 28 MW, the power station ceased generating
electricity and maintained its steam production to preserve its inventory and
fully capture the capacity premiums.
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 in 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: Mr. Jean-François Thibodeau, Vice-President and
Chief Financial Officer, Boralex Power Inc., (514) 985-1348,