MONTREAL, March 2 /CNW Telbec/ - Boralex Inc. ("Boralex") has indicated
that it will study the different strategic options available within the
framework of Boralex Power Income Fund's (the ''Fund'') potential sale process
announced today by the Fund, including the potential acquisition of the
remainder of the Fund. In taking any decision, Boralex will give precedence to
its shareholders' interest.
Boralex, in its capacity as manager and administrator, will continue
managing the Fund's power stations as it has been doing since the Fund's
inception in 2002.
Boralex focuses on four types of power generation: hydroelectric power,
wind power and thermal or cogeneration power from natural gas or wood residue.
These are all fields where Boralex has developed proven expertise centred on
renewable energy. Boralex employs about 300 workers and owns 21 power stations
in Quebec, the United States and France, with an installed capacity of 333 MW.
With a new wind farm under construction, its installed capacity will soon be
up 12 MW. Boralex also owns an urban wood processing and recycling centre
located in Montreal. www.boralex.com
In addition, Boralex holds a 23% interest in Boralex Power Income Fund
which owns 10 power stations in Quebec and the United States with an installed
capacity of close to 190 MW. Management of the Fund's assets is provided by
For further information:
For further information: Patricia Lemaire, Director, Communications,
Boralex Inc., (514) 985-1353, email@example.com