Synex International Inc. - Barr Creek Plant in commercial operation
January 31 2012 - 3:17PM
PR Newswire (Canada)
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 BC V6G 2Z4Phone (604) 688 8271 Ext.
309 Fax (604) 688 1286E-mail: gsunell@synex.com Web Site:
www.synex.com/
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