Hydro-Quebec Awards Six Projects to Cartier Wind
LONGUEUIL, QUEBEC, October 4, 2004. Cartier Wind Energy Inc. is
pleased to announce it has been
awarded six projects by Hydro-Quebec Distribution representing a
total of 739.5 Megawatts (MW). Cartier
Wind Energy is owned by TransCanada Corporation (50 per cent),
Innergex II Inc. (30 per cent) and RES
Canada (20 per cent).
"We are grateful to the communities that have supported our
endeavours during the last four years, and
we look forward to continue working with them,"
said Gilles Lefrançois, Chairman of Cartier Wind Energy.
Cartier Wind Energy's projects will benefit the Gaspé region.
Many turbine components will be
manufactured and assembled in Gaspesie, Iles-de-la-Madeleine and
the Regional County Municipality of
Matane, as required by the 1,000 MW Call for Tenders issued by
Hydro-Quebec Distribution. As a result,
the region will become a North American leader in wind turbine
manufacturing and wind energy generation.
The six projects are distributed in various communities of the
administrative region of Gaspesie,
Iles-de-la-Madeleine and the Regional County Municipality of
Matane. The projects will be commissioned between
2006 and 2012 and are located in the municipalities of Mont Louis
(211.5 MW), Gaspé (100.5 MW), Carleton
(109.5 MW), Baie des Sables (109.5 MW), Les Méchins (150 MW) and
Cloridorme (58.5 MW).
Power purchase agreements are being negotiated with Hydro-Quebec
Distribution for each of the six
facilities and are expected to be executed in December 2004. Each
agreement will be subject to approval
from Le Régie de L'Energie.
The six projects are expected to cost a total of approximately
RES Canada is located in Montreal and is a wholly owned
subsidiary of Renewable Energy Systems, a
member of the Sir Robert McAlpine Construction Group. RES brings a
unique 23 years of experience
in the assessment of wind resources and construction of wind
farms. RES has built over 800 MW of wind farm
projects including King Mountain in Texas, U.S.A. one of the
largest in the world.
TransCanada is a leading North American energy company, focused
on natural gas transmission and
power services. TransCanada's network of approximately 39,000
kilometres of pipeline transports the
majority of Western Canada's natural gas production to the fastest
growing markets in Canada and the
United States. TransCanada owns, controls or is constructing more
than 4,700 MW of power - an equal
amount of power can meet the needs of about 4.7 million average
Innergex II Inc. is a Quebec based power producer which
specializes in the development, ownership and
operation of renewable energy projects. The management of Innergex
II initiated four years ago the
development of wind power projects in Gaspesie and the Regional
County Municipality of Matane. Since
then, the company has worked actively with local communities and
suppliers to structure sustainable
projects that are environmentally and socially sound. Innergex
Power Income Fund, a public income fund
managed by the same group, owns eight hydroelectric power stations
in Quebec and Ontario.
For additional information, please contact:
Chairman of the Board
Cartier Wind Energy inc.
(450) 928-2550, ext. 243
Media contact in the UK:
Anna Stanford, RES: +44 (0)1795 536667 or +44 (0)776 110