Petrowest Corporation Announces Shortlist for Site C Generating Station and Spillways Civil Works

CALGARY, Sept. 28, 2016 /CNW/ - Petrowest Corporation ("Petrowest" or the "Company") (TSX:PRW) is pleased to announce that Peace River Hydro Partners, in which Petrowest is a 25% working interest partner, has been shortlisted in a BC Hydro announcement made September 26, 2016 for the generating station and spillways civil works contract for the Site C Clean Energy Project.

The BC Hydro announcement indicates that the competitive selection process began in May 2016 when the Request for Qualifications (RFQ) was issued on BC Bid. BC Hydro received seven submissions in response to the RFQ. After evaluating those submissions against the criteria outlined in the RFQ, BC Hydro has short listed four proponent teams, including the Peace River Hydro Partners. The scope of the contract includes the construction of the civil works associated with the powerhouse, penstocks, spillways and power intakes.

As also indicated in the BC Hydro announcement, the proponents have been issued the Request for Proposals (RFP). Following submission and evaluation of the proposals, a preferred proponent will be selected and negotiations to reach a final agreement will begin. Contract award is anticipated in summer 2017.

Additional information can be found at www.sitecproject.com.

ABOUT PETROWEST

Petrowest is a diversified infrastructure company with primary operations based in northeastern British Columbia and Alberta. Petrowest's operations are focused on industrial and civil infrastructure projects, gravel crushing and hauling activities, as well as pre-drilling and post-completion energy services.

SOURCE Petrowest Corporation

please contact Nikolaus Kiefer, Vice President of Business Development & Investor Relations at [phone] or [email protected].