VANCOUVER, March 31 /CNW/ - Sea Breeze Power Corp. is pleased to announce that the offer of a 20 year "Electricity Purchase Agreement" ("EPA") has been received from British Columbia Hydro and Power Authority ("BC Hydro") with regard to future renewable energy produced at Sea Breeze's Knob Hill Wind Farm Project (Phase 1 for 99 MW).
The Knob Hill Wind Farm Project is located 35 km northwest of Port Hardy on northern Vancouver Island, within the traditional territories of the Kwakiutl, Quatsino, and Tlatlasikwala First Nations. Phase 1 of the Project would generate enough renewable electricity to power an estimated 35,000 British Columbia homes.
"The offer of a contract from BC Hydro is the result of seven years of effort towards completion of a stringent environmental assessment, comprehensive communication with communities in the region, and preparation of detailed proposal documents and negotiations in BC Hydro's Clean Power Call," said Paul Manson, President and CEO of Sea Breeze.
"During this process, we have received strong support from the Quatsino, Tlatlasikwala, and Kwakiutl First Nations as well as the communities of Port Hardy, Port McNeill, and the Regional District of Mount Waddington, for which we are deeply grateful," Manson added. "To reciprocate this valuable support, the Project will create green employment opportunities for the local communities and will move the region towards a more sustainable economic future."
Construction on the Knob Hill Wind Farm is expected to begin in Q-2 2011, with a target date for delivery of electric power in Q-4 2012.
The Knob Hill Wind Farm was the first wind project to receive an Environmental Assessment Certificate in British Columbia. Upon completion of construction, it will be the first power generating facility initiated by Sea Breeze, which is investigating an additional 180,000 hectares for wind power development throughout British Columbia.
About BC Hydro
BC Hydro is an electric utility wholly owned by the Province of British Columbia, reporting to the B.C. Ministry of Energy, Mines and Petroleum Resources. It is the third largest electric utility in Canada and serves customers in an area containing over 94 per cent of British Columbia's population. BC Hydro endeavours to provide energy solutions to its customers in an environmentally and socially responsible way by balancing British Columbians' energy needs with the concerns of the environment
About Sea Breeze Power Corp.
Sea Breeze Power Corp. is a Vancouver-based renewable energy company focused on unlocking British Columbia's enormous but 'stranded' renewable energy potential. Sea Breeze is presently engaged in the development of utility-scale wind farms and 'run-of-river' hydroelectric projects.
Through a joint venture partnership with Boundless Energy, LLC, Sea Breeze is also involved in development of large-scale, state-of-the-art and environmentally-friendly electricity transmission projects, including the Juan de Fuca Cable, planned to interconnect Victoria, British Columbia with Port Angeles, Washington.
ON BEHALF OF THE BOARD OF DIRECTORS
"PAUL B. MANSON"
per: PAUL B. MANSON, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sea Breeze Power Corp.
For further information: For further information: For investor information please contact Mr. Paul Manson, Email: Info@SeaBreezePower.com, Voice: (604) 689-2991, Fax: (604) 689-2990