Gatineau, Quebec, Nov. 22, 2005 — Brascan Power Corp. announced that it had been selected by the Ontario government to develop its Prince Phase II Wind Energy Project near Sault Ste. Marie, Ontario. This 90 MW project is an expansion to Brascan Power’s 99 MW Prince Phase I Wind Energy Project, announced in November 2004, which will be operational in autumn 2006.
This announcement is a result of the Ontario government’s second Request for Proposals (RFP) for approximately 1,000 megawatts (MW) of new, renewable electricity capacity for Ontario. The power generated by the combined Prince facility will be sold under 20-year power supply agreements.
“The completion of this project will be an excellent complement to our existing assets in the region, which includes 17 hydroelectric facilities located on six river systems,” said Harry Goldgut, chairman and CEO of Brascan Power, adding that both wind projects will produce 189 MW of energy.
Last month, Brascan Power held an official groundbreaking ceremony to formally launch the Prince Phase I Wind Energy Project.
The 90 MW Prince Phase II Wind Energy Project will be located in the townships of Dennis, Pennefather, Korah and Aweres in northern Ontario. The project will be constructed using 60 wind turbine generators, each measuring 1.5 MW in capacity.
The wind project will be served by a transmission line in the townships of Dennis, Pennefather, Korah and Aweres, currently under construction for Phase I of the project, and a new road network.
Brascan Power has successfully received all environmental federal and provincial permits required to commence construction for Phase II.