Power producers welcome renewables directive

    TORONTO, Aug. 27 /CNW/ - Ontario's power producers welcomed today's
announcement by the Minister of Energy of a directive to the Ontario Power
Authority to procure up to 2000 MW of clean, renewable power. The directive
will give a major boost to Ontario's reputation as a world leader in renewable
energy and result in increased investment in new renewable sources of
electricity generation for Ontario in the coming years, APPrO president Dave
Butters said.
    "Renewable energy is a world-wide growth industry. Consequently,
competition for renewable investment is intense, and lead times for major
project components like wind turbines and towers are getting longer and longer
so it makes sense for Ontario to signal to the industry now what its renewable
energy investment needs will be over the next several years. Given the number
of renewable energy projects in states of readiness around the province and
the levels of interest in renewable, emission-free generation as well as the
need for more supply in Ontario, this should help to ensure that we meet our
renewable targets on time, and get the best price for them", Butters said.
    Butters also noted that more stream-lined approvals and permitting
processes could further shorten the amount of development time and reduce
project costs and uncertainty, which would in turn result in lower cost

    APPrO is a non-profit organization representing more than 100 companies
involved in the generation of electricity in Ontario, including generators,
suppliers of services, equipment and consulting services. APPrO members
produce power from nuclear, hydro, fossil, wind, waste wood and other energy
sources. APPrO's members currently produce over 95% of the electricity
generated in Ontario.

For further information:

For further information: David Butters, President, Association of Power
Producers of Ontario (APPrO), 25 Adelaide St. E., Suite 1602, Toronto, ON, M5C
3A1, tel: (416) 322-6549 or (647) 444-6549, fax: (416) 481-5785, e-mail:
david.butters@appro.org, website: http://www.appro.org

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