Synex International Inc. Barr Creek Plant In Commercial Operation
February 02 2012 - 7:13AM
PR Newswire (Canada)
TSX : SXI VANCOUVER, Feb. 3, 2012 /CNW/ - Synex International Inc.
(the "Company") announces that the commissioning of the 4.4MW Barr
Creek Hydroelectric Plant (the "Plant") is complete and the Plant
is now delivering electricity commercially to BC Hydro and Power
Authority ("BC Hydro"). The Plant is located about 10 km south of
the Village of Zeballos on Vancouver Island, British Columbia, and
is delivering electricity under a 40 year electricity purchase
agreement between Barr Creek Limited Partnership ("BCLP") and BC
Hydro. The limited partners in BCLP are Synex Energy Resources Ltd.
("Synex"), a wholly owned subsidiary of the Company and the
Ehattesaht Tribe (the "Ehattesaht"). The general
partner of BCLP is Barr Creek Hydro Ltd. ("BCHL"). Synex
holds 80% of the units of BCLP and shares of BCHL and the
Ehattesaht hold 20 % of BCLP and BCHL respectively. Synex
International Inc is an experienced run of river hydroelectric
developer and consultant in British Columbia with over 15
professionals located in the Vancouver office. The Company
wholly owns or has interests in 12 MW of operating facilities and
has applications for water licences and land tenure on over 70
potential hydroelectric sites which are in various stages of
development. "signed" ______________________________________ Greg
Sunell, President This press release contains forward-looking
statements that involve risks and uncertainties. These statements
reflect our current expectations and are subject to change. They
are subject to a number of risks and uncertainties including, but
not limited to, changes in economic conditions, risks associated
with the construction and operation of hydroelectric facilities and
changes in government policies. Synex International Inc. CONTACT:
400 - 1444 Alberni Street, Vancouver B C V6G 2Z4Phone (604) 688
8271 Ext. 309 Fax (604) 688 1286E-mail: gsunell@synex.com Web Site:
www.synex.com/
Copyright
Synex Renewable Energy (TSX:SXI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Synex Renewable Energy (TSX:SXI)
Historical Stock Chart
From Aug 2023 to Aug 2024