VANCOUVER, Jan. 26, 2011 /CNW/ - Run of River Power Inc. (TSX-V: ROR)
("ROR Power" or "the Company") today announced its Suskwa and
Tsilhqot'in Power projects are no longer under consideration in BC
Hydro's Bioenergy Phase 2 Call. The Company will continue exploring
options with its First Nations partners to move these projects forward.
Because these projects are no longer under consideration in BC Hydro's
Bioenergy Phase 2 Call, and as outlined in the Company's financial
statements, 1,630,047 shares of ROR Power held in escrow for the
previous owners of Pacific Northwest Biomass Corp. and Western Biomass
Corp. have been cancelled and returned to treasury.
About Run of River Power Inc.
Run of River Power Inc. develops renewable, sustainable energy through
its portfolio of run-of-river and biomass projects. The Company
operates an Eco Logo© certified hydroelectric power generation station
at Brandywine Creek, near Whistler, BC that generates cash flow under a
20-year contract with BC Hydro. ROR Power is well positioned for
profitable growth through power generation initiatives that include its
25 MW Skookum Creek Power Project, awarded an Electricity Purchase
Agreement by BC Hydro in 2010. ROR Power's total development potential
of 715 MW represents a significant opportunity to help BC meet its
rising demand for clean, sustainable power and achieve energy self
sufficiency by 2016.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Run of River Power Inc.
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