Synex International Inc. first quarter of fiscal 2010
TSE: SXI
Revenue for the three months ended
The Cypress Plant was the first plant to reach commercial operation under an electricity purchase agreement pursuant to the BC Hydro Standing Offer Program. The Cypress Plant received approval from the BC Utilities Commission on
On
The provincial government in British Columbia has endorsed the development by private industry of environmentally sound hydroelectric plants. The Company has over 25 water license applications in various stages of development. The 5MW McKelvie Creek hydroelectric plant (the "McKelvie Project") and the 4.4MW Barr Creek hydroelectric project (the "Barr Creek Project") are in advanced regulatory stages and construction is expected to commence on one or both of the projects in fiscal 2010. The McKelvie Project is expected to qualify for an electricity purchase agreement under the BC Hydro Standing Offer Program and the Barr Creek Project has an existing electricity purchase agreement under the BC Hydro 2006 RFP.
Synex International Inc. is a public company trading on the
"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.
For further information: Greg Sunell, President, 400 - 1444 Alberni Street, Vancouver, BC, V6G 2Z4, Phone (604) 688-8271 Ext. 372, Fax (604) 688-1286, E-mail: [email protected], Web Site: www.synex.com
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