All Nations Energy Developments Corporation

August 18, 2008 08:50 ET

All Nations Energy Developments Corporation and TransAlta Corporation Agree to Develop a Proposal to SaskPower for a 100 MW Wind Farm

REGINA, SASKATCHEWAN--(Marketwire - Aug. 18, 2008) - All Nations Energy Developments Corporation (ANEDC) owned by Cowessess and George Gordon First Nations, today announced that it will sign a Memorandum of Understanding (MOU) with TransAlta Corporation (TSX:TA)(NYSE:TAC) to develop a 100 MW wind farm project in Saskatchewan.

"ANEDC has been in discussions with a short list of wind energy developers for several months to find a partner to develop this project," said Chief Gordon Lerat Jr. of Cowessess First Nation. "We believe that TransAlta's expertise, and approach to partnering with us will be an excellent fit and aligns with our goals."

"George Gordon and Cowessess First Nations have been working very hard on developing a wind power project for over two years now. We are pleased to see the project elevate to the next level as ANEDC and TransAlta work together to develop a proposal for SaskPower to consider as part of their green power strategy," said Chief Ken Sinclair of the George Gordon First Nation.

"The development of wind power generation projects is potentially a great opportunity for Saskatchewan First Nations," First Nations and Metis Relations Minister June Draude said. "By partnering with private wind energy development companies First Nations can look to invest in long-term projects that can provide employment opportunities and solid economic returns for their communities."

TransAlta President and CEO Steve Snyder said he is pleased the company will be working with Saskatchewan First Nations, through the partnership formed with ANEDC, to develop a reliable and renewable energy alternative for Saskatchewan. "Wind power is a strong resource for meeting the demand for reliable, competitively priced, and environmentally sustainable electricity in Saskatchewan," he said.

ANEDC Board Director, Grady Lerat noted that the first objective of the partnership is to develop a proposal for a power purchase agreement from SaskPower with the continued support of their Business Advisors, McNair Business Development Inc. (McNair). Lerat indicated that the Board looks forward to the coming months and the activities the partnership has planned.

ANEDC and TransAlta will provide updates on the project as they become available.

About George Gordon First Nation

George Gordon First Nation is located approximately 80 miles north of Regina near the town of Punnichy. There are 3,000 members of whom 1,100 live on the reserve. The Band is currently seeking out economic development opportunities that will create long term sustainability, employment and wealth generation for the community.

About Cowessess First Nation

Cowessess First Nation is located approximately 100 miles east of Regina near Broadview. There are approximately 3,400 members of whom 700 live on reserve. The Band is very active in economic development; they own and operate a gas station just east of the city limits in addition to their on reserve golf course and shopping mall. Cowessess First Nation's vision is to achieve self-sufficiency and to continue to improve the quality of life for our community and its membership.

About TransAlta

TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. The company maintains a low-risk profile by operating a highly contracted portfolio of assets in Canada, the United States, Mexico and Australia. TransAlta's focus is to efficiently operate its coal-fired, gas-fired, hydro and renewable facilities in order to provide its customers with a reliable, low-cost source of power. For nearly 100 years, TransAlta has been a responsible operator and a proud contributor to the communities it operates in.

Contact Information

  • Herman Blind
    Board of Directors
    All Nations Energy Developments Corporation
    Punnichy, Saskatchewan
    (306) 835-2232
    or
    Michael Lawrence
    Manager, External Relations
    TransAlta
    Calgary, Alberta
    (403) 471-6816
    or
    Grady Lerat
    Board of Directors
    All Nations Energy Developments Corporation
    Cowessess, Saskatchewan
    (306) 696-7427
    or
    Doug McNair
    President
    McNair Business Development Inc.
    Regina, Saskatchewan
    (306) 789-8691