Great Plains Metals Corp. press release
Pristine Power and ENMAX Green Power Announce Start-Up of Second Energy Recovery Generation Facility
TSXV - TSX Venture Exchange · Gold · Copper · Molybdenum · Rare Earth Elements · Uranium · Canada
CALGARY, Oct. 22 /CNW/ - Pristine Power Inc. and ENMAX Green Power Inc. today announced that commercial operations have commenced at their second 5 MW Energy Recovery Generation (ERG(R)) project at 150 Mile House, British Columbia, under the terms of a 20-year electricity purchase agreement with BC Hydro. This project follows the start of operations at the Savona ERG(R) facility in August, 2008.
Like the Savona project, the 5 MW 150 Mile House ERG(R) project generates electricity by capturing waste heat created by existing gas compressors on Spectra Energy's main natural gas pipeline. Together the two projects will produce approximately 10 MW of clean electricity (as defined in the B.C. Government's Clean Electricity Guidelines), enough to power approximately 10,000 homes per year.
The Savona and 150 Mile House projects are owned by EnPower Green Energy Generation Limited Partnership, a partnership jointly held by Pristine and ENMAX Green Power Inc., a wholly owned subsidiary of ENMAX Corporation. The total cost of the two projects is expected to be approximately $31.5 million, consistent with initial budget estimates.
"The commencement of operations of the 150 Mile House ERG(R) project demonstrates our ongoing ability to deliver projects on time and on budget," said Jeffry Myers, President and CEO of Pristine Power Inc. "We continue to see opportunities for the application of this technology and are actively developing ERG(R) projects to bid into the upcoming BC Hydro Clean Power Call in November of this year."
"The start-up of the Savona and 150 Mile House ERG(R) projects represents a key milestone for ENMAX in helping to bring new energy generation to B.C.," said David Rehn, Executive Vice President of Generation and Wholesale Energy with ENMAX Corporation. "We look forward to continuing to work with Pristine Power to bring additional energy generation to B.C.," added Mr. Rehn.
About Pristine
Pristine (TSX: PPX) is in the business of developing, owning and operating independent power plants that produce and sell electricity and in some cases, sell process steam to industrial users. Pristine capitalizes on opportunities in the independent power market by actively pursuing the development of dependable, cost-effective and environmentally responsible power generation facilities utilizing technology with proven past performance. Pristine pursues a mix of large gas-fired and bioenergy generation and hydroelectric projects and smaller replicable waste heat recovery ERG(R) and bioenergy projects. Pristine currently has two projects in operation, one under construction, and one under contract and in advanced development. Pristine is developing projects in Ontario, British Columbia and Alberta. Visit www.pristinepower.ca for more information.
About ENMAX
ENMAX Corporation, through its subsidiaries including ENMAX Energy Corporation, provides electricity, natural gas and value-added services to more than half a million customers. ENMAX Green Power Inc., a subsidiary of ENMAX Energy Corporation, is one of Alberta's largest investors in renewable energy with partial ownership of the McBride Lake Wind Farm and complete ownership of the Taber and Kettles Hill Wind Farms. Based in B.C., Hydromax Energy Ltd., a wholly owned subsidiary of ENMAX Green Power Inc., holds several water licenses in B.C. at various stages of development. Visit www.enmax.com for more information.
Cautionary Statement Regarding Forward Looking Information
Certain statements in this news release, including the company's ability to successfully proceed with future ERG(R) projects, may constitute "forward-looking information" or "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this news release, such information uses such words as "estimates", "expects", "plans", "anticipates" and other similar terminology. This information reflects the Company's current expectations regarding future events and construction performance and speaks only as of the date of this news release. Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information in this news release is based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with this forward-looking information. This forward-looking information is provided as of the date of this news release, and, subject to applicable securities laws, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.