Syntaris Power partners with Enmax for BC Hydro Call for Power
This entry was posted on Friday, December 12th, 2008 and is filed under News Releases, Syntaris Power.
Syntaris Power Corporation joined with HydroMax Energy Ltd. (“HydroMax”), an indirect wholly-owned subsidiary of ENMAX Corporation, to submit three projects to the BC Hydro Call for Clean Power on November 25. The two companies formed Enmax Syntaris Bid Corporation for the BC Hydro Call with each party owning a 50% share of each of the three projects.
“Partnering with ENMAX is a huge step forward for our company,” says Robert Fraser, Syntaris Power’s President and Chief Executive Officer. “It helps support and validate our core project entries in the BC Hydro 2008 Call and more importantly, adds an essential dimension to achieving our future success,” adds Fraser.
ENMAX Corporation, headquartered in Calgary Alberta, is a well-known utility that is wholly-owned by the City of Calgary providing electricity, natural gas and value added services to more than half a million residential, commercial and industrial customer accounts in Alberta, Canada.
Enmax Syntaris Bid Corporation‘s three hydroelectric project proposals for British Columbia Hydro’s Call for Clean Power represent an estimated total of 104 megawatts of electricity. Kinskuch River, located 27 km east of Stewart, B.C., has unique storage capabilities that allow for more controlled delivery of electrical power. It is expected to generate approximately 76 megawatts of electricity. Culliton Creek, located near Squamish, is estimated to generate 15 megawatts of power. Maselpanik Creek, located 51 km east of Chilliwack and 35 km south of Hope, B.C., is estimated to generate 13 megawatts of electrical power in the Fraser Valley.
