AIM PowerGen welcomes new Green Power Standard in Ontario


TORONTO, July 7, 2003 — AIM PowerGen Corp., an Ontario-based wind power developer, welcomed the Provincial Government’s announcement of a new Green Power Standard.

The program is a positive step towards resolving the province’s electricity supply and air quality challenges by adding 3000 MW of new renewable power to the province’s electricity mix over the next 10 years.

“The announcement of an Ontario Green Power Standard will definitely accelerate the development of private sector wind farms in Ontario”, stated AIM PowerGen CEO Mike Crawley, “Certainty around power purchase was one of the last remaining obstacles to wind power development in Ontario.”

The Green Power Standard was one of the recommendations of the 2002 all- party Ontario legislative committee and has been the focus of ongoing renewable power sector-government discussions over the last year.

“AIM PowerGen is very pleased that its active work with other renewable energy sector leaders and the Ontario Government has resulted in such a positive announcement”, Crawley said.

Combined with the broad provincial tax incentives announced last fall and the Federal Government’s Wind Power Production Incentive, the Green Power Standard will help make Ontario a leading jurisdiction for wind power development.

Remaining impediments to the construction of large-scale renewable power projects are expected to be addressed by the newly established Ontario Government Electricity Conservation and Supply Task Force. AIM was appointed to the task force by the Ontario government last week.

AIM PowerGen Corporation (‘AIM’) is an Ontario-based wind power development company, currently pursuing several projects in the Ontario electricity market including a 100 MW onshore wind farm in the counties of Elgin and Norfolk and an offshore wind farm in Lake Erie.

Over the last two years, AIM has assembled a team that includes some of the most prominent renewable energy experts in Canada. With almost 5000 acres of land optioned for wind power development, AIM is among the leading renewable power companies in Ontario.

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