Investor Information Sheet
IMPRESSIVE PROJECT DEVELOPMENT PORTFOLIO
Syntaris Power Corp., is a Vancouver-based green energy company. The company is focused on becoming the pre-eminent developer of green energy in the Province of British Columbia and has amassed an impressive portfolio of Run of River hydropower projects in British Columbia. The Company portfolio includes over 40 projects located in numerous clusters throughout British Columbia, with a focus on renewable low impact hydropower. The Company’s total development potential is in excess of 500 Megawatts. This includes two core projects: the Culliton Creek Project and Kinskuch Hydro Project. These two projects have an estimated total capacity of approximately 91 Megawatts of electrical power. The Culliton Creek Project, located near Squamish, BC, was awarded an Energy Purchase Agreement (EPA) from BC Hydro in March 2010 through the 2008 Clean Power Call. The commercial operation date (COD) for the Culliton Creek Project is expected to be September 2012.
In addition to these two core projects the Province’s recently proposed changes to the Standing Offer Program (SOP) under the Clean Energy Act allows Syntaris to accelerate its development timelines for the company’s projects that can now be classified as near to mid-term opportunities under this streamlined “feed in tariff” type program for green energy.
TOP NOTCH MANAGEMENT TEAM
Syntaris Power Corp has assembled a superb, seasoned senior management team with an impressive global track record in the design, construction and operation of large scale hydro-electric power plants, biomass plants, co-generation plants and non energy large scale infrastructure projects around the world. The company’s management team also includes an experienced corporate finance team with solid global project finance/corporate finance and investment banking experience.
CURRENT ENERGY DEMAND GAP
Currently, BC Hydro imports about fourteen percent (14%) to eighteen percent (18%) of its electrical power from the United States and Alberta. One in eight homes in BC is presently powered by imported electricity.
MEDIUM TO LONG-TERM DEMAND FOR ELECTRICITY
According to BC Hydro, the demand for energy in the province will increase between twenty percent (20%) to thirty-five percent (35%) over the next 20 years. There is also the opportunity to capitalize on exporting renewable energy to the Northwest United States whose own State level legislation mandates minimum thresholds of renewable energy in their respective markets. A recent study by the Western Governors Association and the US Department of Energy estimated the future potential demand for BC renewable electricity as high as 65,500GWh.*
*Excerpt from IPPBC-PWC study on Economic Impact Analysis of Independent Power Projects in British Columbia - Dec 2009 (Appendix C Export/Import Trends p34.)
PROVINCIAL GOVERNMENT’S DEMAND FOR GREEN ENERGY
In June 2010 the Government of British Columbia passed Bill 17 (BC’s new Clean Energy Act) that increases the province’s focus on green renewable energy development and conservation. The new Act creates a clear pathway for the role of Independent Power Producers (IPP’s) in BC’s energy market. The provincial government’s energy plan calls BC Hydro to close the current demand gap for domestic electricity needs by 2016, for all new electricity generation projects to have zero net greenhouse gas emissions and that clean or renewable electricity generation continues to account for at least ninety percent (90%) of total electricity generation.
The new Act has stipulated significant improvements in the price and capacity of projects that can qualify for the Standing Offer Program (SOP). The SOP operates like a feed in tariff that allows IPP’s to source, develop, finance and construct renewable energy projects that BC Hydro must take onto the power grid provided that the IPP can build it within the guidelines of the SOP. The new Act will also provide BC Hydro and IPP’s with the tools to establish British Columbia as a green-energy powerhouse that enables economic growth and job creation in every region.
Link for more information on the BC Clean Energy Act:
Link for more information on the BC Hydro SOP program:
ENERGY DEMANDS
Most energy industry analysts are predicting that the trend for high energy prices will continue, strengthening the ongoing need for the development of sustainable green energy projects by independent power producers.
The information above may contain forward looking statements. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This material is for information only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Investments can only be made pursuant to the Fund’s current Offering Memorandum and the applicable securities and other legislation.
