Katabatic Power Corp.

Katabatic Power Corp.

October 24, 2007 10:00 ET

Katabatic Power Welcomes CH2M HILL as Owner's Engineer for Banks Island Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) - Katabatic Power Corp., a wind energy company based in Vancouver, British Columbia, is pleased to announce the appointment of CH2M HILL as its owner's engineer for the company's Banks Island project.

CH2M HILL, a global full-service engineering, construction and operations firm, has been retained by North Coast Wind Energy, a joint venture between Katabatic Power and Deutsche Bank AG. The company's proposed facility on the north end of Banks Island, British Columbia, is expected to generate 700 megawatts (MW) of clean, renewable wind energy.

"We are very pleased to have CH2M HILL working with us to ensure the Banks Island project is a success," said Anthony Duggleby, President and CEO of Katabatic. "With a worldwide reputation for excellence in energy project development, planning and design, CH2M HILL is an ideal partner as we prepare to bring our project forward as part of BC Hydro's next Call for Power."

"Our team is looking forward to working with Katabatic on this ground-breaking renewable energy facility," said Todd Bartholf, Director, Sustainable Energy for CH2M HILL.

With two projects in development, Katabatic is well-positioned to meet BC's energy targets of obtaining 90 percent of its electricity from renewable sources, ensuring zero net greenhouse gas emissions for all new electricity production, and making BC energy self-sufficient by 2016.

In September 2006, Katabatic signed a 25-year electricity purchase agreement with BC Hydro for the output of the 25.5 MW Mount Hays wind farm. The Mount Hays project is scheduled to become one of the first commercial wind farms in the province, providing power to BC Hydro customers by the fall of 2008.

"The Province of British Columbia and BC Hydro have recognized that wind energy is an important part of a renewable and sustainable energy future, and we are very excited to be playing a leadership role in generating new sources of power for British Columbians," Duggleby added.

BC Hydro research indicates 94 percent of British Columbians support wind energy as their first choice for new power generation.

North Coast Wind Energy is a joint venture between Katabatic Power Corp., a British Columbia company, which focuses on producing clean, renewable energy to deliver sustainable power to meet the increasing demand for electricity in BC and North America, and Deutsche Bank AG. The Banks Island project will be located on approximately 7,000 hectares of Crown Land on the northern end of Banks Island on BC's north coast, approximately 140 km west of Kitimat. Upon completion, the project will provide approximately 700 MW of clean, renewable energy to residents and businesses in BC.

Headquartered in Denver, Colo., employee-owned CH2M HILL is a global leader in engineering, construction and operations for public and private clients. With more than $5 billion in revenue, CH2M HILL is an industry-leading program management, construction management and design firm, as ranked by Engineering News-Record (2007). The firm's work is concentrated in the areas of transportation, water, energy, environment and industrial facilities. The firm has long been recognized as a most-admired company and leading employer by business media and professional associations worldwide. CH2M HILL has more than 23,000 employees in regional offices around the world.

Contact Information

  • Fleishman-Hillard
    Anna Lilly
    (604) 688-2505
    Email: anna.lilly@fleishman.ca
    or
    Katabatic Power Corp.
    Jonathan Raymond
    (415) 931-6269
    or
    CH2M HILL
    Todd Bartholf
    (720) 286-2349