MONTRÉAL, Nov. 14, 2019
/PRNewswire/ - Boralex Inc. ("Boralex" or the "Corporation") (TSX:
BLX) is pleased to announce the commercial commissioning of
the Yellow Falls hydroelectric station (16 MW), under the
terms of a price-indexed power purchase agreement with the
Independent Electricity System Operator (IESO) for a period of 40
years. The station is located on the Mattagami River about
20 kilometres south of the town of Smooth Rock Falls, Ontario.
"It's with great pride that we are officially commissioning our
very first hydroelectric station in Ontario," stated Patrick Decostre, Vice
President and Chief Operating Officer of Boralex. "I would like to
congratulate all the teams who worked on this project, which
diversifies our assets in this province and strengthens our
position as a leader in the renewable energy field in Canada."
For several years, Boralex has worked closely with the local
communities, represented by the Mattagami First Nation and Taykwa
Tagamou Nation, as well as with the town of Smooth Rock Falls, in order to develop a
project that respects their concerns and the surrounding
environment, and also provides local economic spinoffs.
Almost 100 specialized workers were on site when
construction was at its peak. The power station has
one permanent employee, who ensures continuous operations and
maintenance; it also calls on a number of local contractors as
needed.
The station comprises two 8-MW turbines closely connected to a
water intake, a concrete dam, water discharge facilities, including
two inflatable weirs, along with related infrastructure on the
Mattagami River.
The hydro facility is expected to contribute approximately C$
7 million to Boralex's annualized EBITDA(A) and its power
production will avoid the emission of nearly 2,540 metric tons
of CO₂1 per year.
About Boralex
Boralex develops, builds and operates
renewable energy power facilities in Canada, France, the United
Kingdom and the United
States. A leader in the Canadian market and France's largest independent producer of
onshore wind power, the Corporation is recognized for its solid
experience in optimizing its asset base in four power generation
types — wind, hydroelectric, thermal and solar. Boralex ensures
sustained growth by leveraging the expertise and diversification
developed over the past 25 years. Boralex's shares are listed on
the Toronto Stock Exchange under the ticker symbol BLX. More
information is available at www.boralex.com or
www.sedar.com. Follow us on Facebook, LinkedIn and
Twitter.
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1 Based on the calculations and the assumptions by the Chair
in Energy Sector Management of the HEC Montréal Business
School.
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SOURCE Boralex Inc.