MONTREAL,
June 9, 2011
(PRNewswire) -
Boralex Inc. and the Témiscouata RCM have signed a 20-year electricity supply agreement with Hydro-Québec Distribution for their wind power project.
"Signing the agreement with Hydro-Québec Distribution is an important stage in establishing Témiscouata wind farm," says Patrick Lemaire, President and Chief Executive Officer of Boralex. He adds that the "Témiscouata wind power project will be Boralex's first in this region, which has been an enthusiastic supporter of wind power for years."
"We are especially proud of being partners in this wind farm," says Serge Fortin, reeve of the Témiscouata RCM. "The project is a model in terms of community participation and involvement. Our whole area will benefit," he adds.
The Témiscouata wind power project was allotted to the Partners under the call for tenders to develop 250 MW of community wind power. Located on public land in the municipality of Saint-Honoré-de-Témiscouata, the 25 MW Témiscouata wind farm will start operating in late 2014. The environmental impact study for the wind power project is currently underway and the partners are going through each step in the environmental approval process.
The contract will be subject for approval by the Régie de l'énergie and the project will need to obtain all the authorizations and permits required by public authorities prior to construction.
About the Témiscouata RCM The Témiscouata regional county municipality is an organization that oversees land development, town planning, environmental protection, and regional, cultural, social and community development. Chaired by an elected reeve, the RCM council is composed of the mayors of the 19 municipalities in its territory. Through political action, the RCM provides leadership on behalf of its citizens. In addition to addressing the physical organization of its territory, the RCM is involved in a number of regional development issues that have a direct impact on the well-being and quality of life of its communities.
About Boralex Boralex is a power producer whose core business involves developing and operating renewable energy power stations with a total installed capacity of 700 MW in Canada, the Northeastern United States and France. Boralex is also committed under power development projects, both independently and with European and Canadian partners, to add approximately 400 MW of power. With nearly 350 employees, Boralex is known for its diversified expertise and in-depth experience in three power generation segments - wind, hydroelectric and thermal - and will add a fourth segment to its energy portfolio with the upcoming commissioning of its first solar power station. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively.
