LONGUEUIL, QC, Dec. 17, 2014 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") announces the resignation of Mrs. Lise Lachapelle from the Board of Directors of the Corporation.
"We sincerely thank Mrs. Lachapelle for her valuable contribution and dedication to the Board of Directors and to the Corporation over the last eleven years and we wish her every success in her projects" states Jean La Couture, Chairman of the Board of Innergex.
Mrs. Lachapelle was a Director of Innergex since 2010 and, from 2003 to 2010, acted as a trustee of Innergex Power Trust, a wholly owned subsidiary of Innergex Power Income Fund. She resigned because of scheduling conflicts that would have prevented her from fulfilling her responsibilities as a Director in the future.
The Board of Directors will determine if it is preferable to fill the vacancy before the next annual meeting of shareholders and, if so, will follow established nominating procedures.
About Innergex Renewable Energy Inc.
Innergex Renewable Energy Inc. is a leading Canadian independent renewable power producer. Active since 1990, the Company develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar photovoltaic farms and carries out its operations in Quebec, Ontario and British Columbia and in Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 33 operating facilities with an aggregate net installed capacity of 687 MW (gross 1,194 MW), including 26 hydroelectric operating facilities, six wind farms, and one solar photovoltaic farm; (ii) interests in five projects under development or under construction with an aggregate net installed capacity of 208 MW (gross 319 MW), for which power purchase agreements have been secured; and (iii) prospective projects with an aggregate net capacity totaling 2,900 MW (gross 3,125 MW). Innergex Renewable Energy Inc. is rated BBB- by S&P. Its shares are listed on the Toronto Stock Exchange under the symbol "INE".
The Corporation's strategy for building shareholder value is to develop or acquire high-quality facilities that generate sustainable cash flows and provide a high return on invested capital, and to distribute a stable dividend.
SOURCE: Innergex Renewable Energy Inc.
For further information: Marie-Josée Privyk, CFA, SIPC, Director - Investor Relations and Sustainable Development, 450 928-2550, ext. 222, [email protected], www.innergex.com