MONTREAL, Jan. 27 /CNW Telbec/ - (BLX.A-TSX) Boralex Inc. ("Boralex") today announced that it has concluded a revolving credit agreement of CA$85 million. This financing of an initial three-year term is being underwritten by the National Bank Financial and Caisse de dDepFot et placement du QuDebec acting as co-lead arrangers. This financing is substituting the CA$ 65 million line of credit in place until now. "These funds give Boralex greater financial flexibility, thereby allowing it to continue growth and development in all of its activities" said Jean-FranEcois Thibodeau, Vice-president and Chief Financial Officer of Boralex. Claude Audet, President and Chief Operating Officer of Boralex, noted that: "With this financing, we are confident that Boralex will be able to pursue new opportunities in order to sustain its development and renewable energy production". Boralex focuses on four types of power generation: hydroelectric power, thermal or cogeneration power from natural gas or wood residue, and wind power. These are all fields where Boralex has developed proven expertise centered on renewable energy. Boralex employs more than 250 workers and owns 20 power stations in Quebec, the United States and France, with an installed capacity of close to 315 MW, as well as an urban wood processing and recycling centre in Montreal. 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. (www.boralex.com).