Run of River Power Inc.
TSX VENTURE : ROR

Run of River Power Inc.

January 02, 2008 08:00 ET

Run of River Applies for Permission to Cross Park

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 2, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Run of River Power Inc. (TSX VENTURE:ROR) ("Run of River" or the "Company") is pleased to announce that its wholly owned subsidiary, Northwest Cascade Power Ltd. (NWCP), has submitted an application for a park boundary adjustment to BC Parks (Ministry of Environment) in respect to its Pitt River hydropower project. The application is supported by a series of detailed engineering, environmental and socio-economic studies which fulfill the requirements of the Provincial government Provincial Park Boundary Adjustment Policy, Process and Guidelines.

Jako Krushnisky, Run of River's president stated, "This application represents the culmination of eighteen months of technical studies, consultations and meetings with government, First Nations and stakeholders. The park boundary adjustment is required to provide for a 4.6 km long transmission line corridor across a remote mountain pass in Pinecone Burke Provincial Park."

The proposed 230 kV power line will be 42 km long and will transmit renewable energy from the Upper Pitt River area to BC Hydro's "Cheekye" electrical substation near Squamish. Jako Krushnisky further noted, "With hydrology studies now complete the seven projects will have a combined capacity of 180 MW up from 161 MW and will generate an estimated 557 GWh/yr of electricity." These sites were chosen not only for the suitability of high-elevation creeks for run-of-river green hydro, but for the proximity to the major population of the Lower Mainland, where so much of BC's new residential and commercial growth have increased the demand for electricity.

NWCP has also applied for an environmental assessment certificate under the British Columbia Environmental Assessment Act. The park boundary adjustment is a separate process that is being pursued simultaneously, and together these processes combine all of the major permits required for the project.

Run of River Power Inc. operates a hydroelectric power generation station at Brandywine Creek, near Whistler, BC and sells the power to BC Hydro on a long-term 20 year contract.

The Company is currently developing hydroelectric projects in two clusters located near Vancouver, British Columbia. Ten development projects, totaling 213 MW of capacity, will generate over 692 GWh/yr of electricity offsetting over 249,000 tons of CO2 annually. When completed, these projects will provide in excess of $60 Million per year in gross revenue to ROR, while significantly contributing to the Province of British Columbia's goal of energy self sufficiency.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Run of River Power Inc.
    Jako Krushnisky
    President and CEO
    (604) 946-9232
    or
    Run of River Power Inc.
    David Speck
    Investor Relations
    (416) 801-8369
    Website: www.runofriverpower.com