MONTREAL, Jan. 26 /CNW Telbec/ - Boralex inc. ("Boralex" or the
"Corporation") announces receipt of 784,826 shares of AbitibiBowater
worth close to $23 M according to the stock price at the close of the
This compensation is payable following a partial settlement of a claim
of about $ 83 million as negotiated under the AbitibiBowater c-36. Once
all third-parties claims filed against AbitibiBowater have been
resolved by the courts, Boralex may receive additional distributions in
Over the next few weeks Boralex will consider alternatives in order to
maximize the value of such investment.
Boralex is a major independent power producer whose core business is the
development and operation of power stations that generate renewable
energy. Employing over 300 people, the Corporation operates 46 power
stations with a total installed capacity of 700 megawatts ("MW") in
Canada, in the North-eastern United States and in France. In addition,
the Corporation has, alone or with its European and Canadian partners,
power projects under development that will add almost 300 MW of power.
Boralex is distinguished by its diversified expertise and in-depth
experience in three power generation segments - wind, hydroelectric and
thermal. Boralex shares and convertible debentures are listed on the
Toronto Stock Exchange under the ticker symbol BLX. More information is
available at www.boralex.com or www.sedar.com.
SOURCE BORALEX INC.
For further information:
Ms. Patricia Lemaire
Director, Publics Affairs and Communications