MONTREAL, March 10 /CNW Telbec/ - Boralex Inc. announces that it has signed a two-year Power Purchase Agreement for its Fort Fairfield wood-residue thermal power station with New Brunswick Power Generation Corporation.
The power station, located in Maine, is currently closed for scheduled maintenance work. The operations are expected to restart by the end of March.
Boralex is a major private electricity producer whose core business is the development and operation of power stations that run on renewable energy. Employing more than 300 people, the Corporation owns and operates 21 power stations with a combined installed capacity MW of 351 MW in Quebec, the northeastern United States and France. The Corporation also has 226 MW of contracted capacity for future production sites. Boralex is distinguished by its leading expertise and long experience in three types of power generation - wind, hydroelectric and thermal. The Boralex shares trade on the Toronto stock exchange under the ticker symbol BLX. www.boralex.com
In addition, Boralex holds a 23% interest in Boralex Power Income Fund which owns 10 power stations in Quebec and the United States with an installed capacity of close to 190 MW. Management of the Fund's assets is provided by Boralex.