Gilead Power Corp.

January 17, 2008 15:01 ET

Gilead Power Corporation Takes First Step Towards Development of Wind Energy Park in Prince Edward County

PETERBOROUGH, ONTARIO--(Marketwire - Jan. 17, 2008) -


GILEAD POWER CORPORATION has initiated community consultation as part of its plans to develop a 20-megawatt wind turbine installation at Ostrander Point in Prince Edward County. Once the project becomes operational, the Ostrander Point Wind Energy Park, situated on 324 hectares of Crown land, would be home to up to 12 wind turbines, generating clean electricity for 5,000 typical homes.

"This is Gilead Power's first wind energy development project, and the nearest to completion of the 11 we currently have under development. We're currently in the Environmental Assessment phase of development, and are very pleased to be at a stage where we can introduce ourselves to the community, explain our plans, discuss the environmental impact studies conducted to date, and most importantly, hear back from the community. If everything goes well, we would begin construction in September, 2009."

Gilead Power has 1,700 megawatts of wind and biomass projects under development in various locations across Ontario. Once it becomes operational in early 2010, the Ostrander Point Wind Energy Park would be the fifth largest wind energy park in the province.

Gilead Power Corporation is a renewable energy development company dedicated to establishing wind, hydro and biomass energy generating capacity. The company was established in 2004 and is privately-owned. It is based in Peterborough, Ontario.

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