The Dolbeau Thermal Power Station Will Be In Operation This Winter
MONTREAL, Sept. 14 /CNW Telbec/ - Boralex Power Income Fund (the "Fund") announces resumption of its Dolbeau thermal power station operation from late November 2010 until early April 2011 to preserve its equipment during the winter period. The wood-residue facility will generate electricity for its client Hydro-Québec, thus providing work for approximately 25 people to ensure the operation of the facility during this period of over four months.
Following the surprising statements of Mr. David Paterson, CEO of AbitibiBowater, when he appeared before the Standing Committee on Industry, Science and Technology in Ottawa last Friday, Patrick Lemaire, President and CEO of Boralex Inc., wishes to emphasize that "it belongs to AbitibiBowater alone to decide whether it maintains its paper production. The Fund refuses to be taken hostage and to carry the blame for the decision to close Dolbeau's paper mill." Also, Mr. Lemaire added that "the Fund remains, as it has always been, open to discussions with AbitibiBowater to try to reach a suitable agreement with AbitibiBowater, as long as suitable means for the Fund, not to incur operating losses."
About Boralex Power Income Fund
Boralex Power Income Fund (the "Fund") is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Québec and in the United States producing energy from different sources including wood-residue or natural gas thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 190 megawatts ("MW"). The Fund's units are listed on the Toronto Stock Exchange ("TSX") under the symbol BPT.UN.
For further information:
Mrs. Patricia Lemaire Director, Public Affairs and Communications Boralex Power Inc. (514) 985-1353 [email protected] |
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