NaiKun Wind Energy Group (TSX VENTURE:NKW) (the "Company") - The Council of the
Haida Nation (CHN) has released the report "Independent Evaluation of the NaiKun
Wind Energy Project" authored by Dr. Thomas I. Gunton and Chris T. Joseph both
of the School of Resource and Environmental Management at Simon Fraser
University. The CHN commissioned the independent review to provide an evaluation
of the economic and environmental aspects of the NaiKun Offshore Wind Energy
Project (the Project) as they relate to the Haida Nation's involvement in the
Project.


The report concluded:

"Based on the principles contained in the agreements negotiated by the Haida and
preconditions set by the Haida for approval of the project, we conclude that the
project is structured in a way that allows the Haida to realize potential
economic benefits with minimum risk... Based on the extensive environmental
reviews by Rescan, the federal government, and the provincial government, as
well as our own review we conclude that contingent on the implementation of
specified mitigation measures, the project is unlikely to have any significant
adverse environmental risks."


A link to the complete Report is available on the CHN website at:

http://www.haidanation.ca/Pages/Splash/Documents/Independent%20Evaluation_Tom%20Gunton_August172011.pdf


NaiKun is a British Columbia-based renewable energy company. Located on B.C.'s
northwest coast, where the wind resource is one of the strongest and most
consistent in the world, NaiKun's Phase I 396MW offshore wind project would
generate enough energy to provide electricity to 130,000 B.C. homes. The NaiKun
project is at an advanced stage of development with environmental approvals from
the Provincial and Federal Governments and agreements in place with key
suppliers and First Nations. Given its development status, construction can
begin within two years of the award of an electricity purchase agreement. For
more information on NaiKun, please visit www.naikun.ca.
Oceanic Wind Energy (TSXV:NKW)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Oceanic Wind Energy Charts.
Oceanic Wind Energy (TSXV:NKW)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Oceanic Wind Energy Charts.