Coast Mountain Power Corp.
TSX VENTURE : MW

Coast Mountain Power Corp.

August 15, 2005 13:09 ET

Coast Mountain Initiates Mclymont Creek Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2005) - Cliff Grandison, President of Coast Mountain Power Corp. (TSX VENTURE:MW), announced that the company has filed an application for a water licence and land tenure to generate up to 60MW of electricity from a run of river hydroelectric generating plant on Mclymont Creek in Northwestern BC. Mclymont Creek is a tributary to the Iskut River with a confluence located approximately 10 kilometers downstream of the company's proposed 115 MW Forrest Kerr Project on the Iskut River.

Initial studies propose the construction of a weir and intake, 3000 m long water conveyance pipeline and tunnel, and surface powerhouse. The project is expected to generate approximately 206 GWh annually using a maximum of 30 m3/sec of water over the 245 m elevation difference from the intake to the proposed powerhouse. A short section of new access road and transmission line will be required to connect the Mclymont Creek project to the proposed Forrest Kerr facilities. Construction would take approximately two years from the time permits are received and project financing has been obtained.

In conjunction with Forrest Kerr and More Creek, the Mclymont Creek project will bring Coast Mountain Hydro Corp's total proposed generating capacity in Northwestern BC to 195 MW.

About Coast Mountain Hydro Corp.

Coast Mountain Hydro Corp., a wholly owned subsidiary of Coast Mountain Power Corp., is developing the Forrest Kerr Hydroelectric Project located on the Iskut River near its confluence with Forrest Kerr Creek, in northwestern BC. The project will have an installed capacity of 115 MW, and includes the development of a 177 km, 138kV AC transmission line to deliver the power to the BC Hydro grid at Meziadin Junction. Power generated from the project is sold under a 15-year electricity purchase agreement with BC Hydro for the delivery of 540GWh of electricity on an annual basis.

ON BEHALF OF THE BOARD OF DIRECTORS

COAST MOUNTAIN POWER CORP.

Clifford Grandison, President


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

Contact Information

  • Coast Mountain Power Corp.
    Dan Woznow
    (604) 681-8680
    (604) 681-8646 (FAX)