Syntaris Power

News Release
March 11, 2010

Vancouver, British Columbia— BC Hydro announced some of the contract awards for its 2008 Clean Power Call this afternoon. According to a release posted on its website, upcoming contract awards will be posted on the site as they are finalized.

“We are pleased to note that BC Hydro has begun the process of awarding contracts to worthy projects,” says Syntaris Power Corp. CEO and President Robert Fraser. “We submitted three excellent hydroelectric projects to BC Hydro. They are well positioned in terms of pricing and can deliver clean, renewable energy to the grid,” he adds. “We are in final negotiations on contract terms and look forward to concluding contractual arrangements with BC Hydro shortly.”

Syntaris Power submitted three hydroelectric projects into the 2008 Power Call, representing a total estimated capacity of 104 Megawatts. The projects are Culliton Creek, a 15MW project located near Squamish; Kinskuch River, a 76 MW project located near Stewart; and Maselpanik Creek, a 13MW project southeast of Chilliwack.

To view Hydro’s announcement of the projects to be awarded contracts go here

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Government hopes to make B.C. a hub for business and investment in this expanding sector

The provincial government opened a bundle of clean energy announcements on Monday in a bid to brand British Columbia as a global hub for green business investment and research.

Premier Gordon Campbell and Energy Minister Blair Lekstrom introduced three deals, all involving British Columbia companies and international partners, and gave their strongest indication yet that the Clean Energy Act announced in last week’s throne speech will fundamentally change the energy development landscape.

“B.C. is home to 1,000 clean-tech and environmental companies. This is the third-largest clean energy and research-development hub in the world,” Campbell said during a 90-minute “Clean Energy Day” kickoff at the B.C. media centre on Robson Street downtown.

Campbell said the Clean Energy Act, which will be introduced in the current sitting of the legislature, will “minimize risk” for companies seeking to develop new sources of electricity and “simplify procurement protocols and new measures to encourage investment.”

By Scott Simpson, Vancouver Sun

Link to full article

Company One Step Closer to Developing Renewable Power in BC

FOR IMMEDIATE RELEASE
Tuesday, November 17,2009

Vancouver, British Columbia—Syntaris Power is pleased to announce that the Company’s project proposals for its three renewable energy projects have made the shortlist of submissions for the 2008 BC Hydro Clean Power Call (CPC). The three projects represent an estimated total of 104 megawatts of electricity.

“This announcement confirms our belief in the quality of the projects that we submitted into the Clean Power Call”, says Syntaris President and CEO Robert Fraser. “These projects can produce clean, renewable electricity, create jobs in local communities, and provide long-term economic benefits for First Nations communities for generations to come.”

BC Hydro posted an updated list of projects and proponents on its website earlier this afternoon. Those proponents placed on the shortlist will be contacted in the near future to discuss advancing their projects with BC Hydro. Final Energy Purchase Agreements are expected to be announced before year end. BC Hydro will submit the Energy Purchase Agreements to the BC Utilities Commission as part of its process.

The three projects were submitted to BC Hydro under a General Partnership Agreement between Syntaris Power Corp. and HydroMax, a Vancouver-based subsidiary of the ENMAX Corporation headquartered in Alberta.

• The Kinskuch Hydro Project is located approximately 140 km north of Terrace, BC and is estimated to generate a total of 76 MW of power
• The Culliton Creek Project is located near Squamish, BC and is estimated to generate a total 15 MW of power
• The Maselpanik Creek Project is located approximately 35 km south of Hope, BC and is estimated to generate 13 MW of power

In addition to these projects, Syntaris holds about 30 applications for small hydroelectric projects in British Columbia representing an additional estimated total of over 450 megawatts. This brings the company’s total potential power output to approximately 550 megawatts. The company has the option of developing some of these renewable energy projects through BC Hydro’s Standing Offer, which allows projects fewer than 10 megawatts to proceed once they have received a water licence and an environmental assessment certificate.

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VANCOUVER – BC Hydro is continuing to advance the Clean Power Call to acquire clean, renewable and cost-effective electricity, the crown corporation announced today. The Clean Power Call will support the BC Energy Plan’s goal of achieving electricity self-sufficiency in the province by 2016. In addition, it will support the province’s efforts to reduce greenhouse gas emissions and encourage economic development.

“Clean, renewable energy continues to be a cornerstone of B.C.’s Climate Action Plan. At the same time, the development of a clean energy sector will create jobs and new economic opportunities in B.C.,” said Blair Lekstrom, Minister of Energy, Mines and Petroleum Resources. “The reduction in greenhouse gas emissions from the development of a renewable power industry will mean B.C. will have more allowances to allocate to the cap and trade system, which is good for B.C.’s economy.”

“BC Hydro is committed to working with companies that provide clean, renewable power to find new sources of cost-effective energy to help meet new energy demand as we look towards serving future generations of customers in the province,” said Bob Elton, BC Hydro president and chief executive officer.

…BC Hydro intends to begin awarding contracts for the Clean Power Call in December and plans to file the agreements with the British Columbia Utilities Commission in early 2010.

Click here for list of proposals continuing in the call process
Link to full BC Hydro News Release