Run of River Power Inc.: Tsilhqot'in Power Project Submitted to BC Hydro's Bioenergy Call
Run of River Power Inc. (TSX VENTURE:ROR) ("Run of River") is pleased to announce that its wholly owned subsidiary Western Biomass Power Corp. ("Western Biomass") has together with the Tsilhqot'in National Government ("TNG"), submitted a formal proposal to BC Hydro, in response to the first Phase of its two Phased Bioenergy Call, to supply energy generated from forest based biomass. In addition, the newly formed Tsilhqot'in Power Corporation has made an Application with the British Columbia Transmission Corporation for a Feasibility Interconnection Study related to the Project.
Jako Krushnisky, President of Run of River stated, "Western Biomass and the TNG have worked very effectively together to ensure that this Application was filed before the March 7, 2008 deadline, placing themselves in a sound position to participate in the first Phase of BC Hydro's much anticipated Bioenergy Call."
T.J Grewal, Western Biomass's President, added, "we are pleased that we met what was a short window of opportunity with BC Hydro and continue to move forward on our mutual objectives to bring the Tsilqot'in Power Project to fruition."
About the Tsilhqot'in Power Project
Western Biomass, working together with the TNG, has completed a detailed engineering and fiber supply analysis for the proposed 60 MW Tsilhqot'in Power Project, located approximately 70 km west of Williams Lake. When completed, this plant will generate in excess of 450 GWh of electricity annually.
Joe Alphonse, Director of Government Services for the TNG expressed "the business relationship between the TNG and Western Biomass demonstrates the ability to work effectively within the Tsilhqot'in territory. The Tsilhqot'in Nation is open to business opportunities as long as the project adheres to our concerns around environmental stewardship and community based economic development such as the Tsilhqot'in Power Project."
About Run of River Power Inc.
Run of River operates an Eco Logo(C) certified hydroelectric power generation station at Brandywine Creek, near Whistler, BC and sells the power to BC Hydro on a long-term 20 year contract.
The Company is currently developing hydroelectric projects in two clusters located near Vancouver, British Columbia. Ten development projects, totaling 213 MW of capacity, will generate over 692 GWh/yr of electricity offsetting over 249,000 tons of CO2 annually, when completed, and will provide in excess of $60 Million per year in gross revenue to ROR, while significantly contributing to the Province of British Columbia's goal of energy self sufficiency.
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