NaiKun Wind Energy Group Inc.
TSX VENTURE : NKW

NaiKun Wind Energy Group Inc.

August 25, 2009 19:52 ET

NaiKun Wind Welcomes Government’s Recommitment to Renewable Energy

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2009) - NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) ("NaiKun Wind") is pleased with the British Columbia government's strong, ongoing commitment to renewable energy developments contained in today's Speech from the Throne.

"A significant component of the speech focused on renewable energy and the government's plans to ensure the sector continues to grow and play an increasing role in the province's economy," said Paul Taylor, NaiKun Wind's President and CEO. "We also welcome the plan to provide the B.C Utilities Commission with specific direction related to the phase out of Burrard Thermal."

"Renewable power projects provide significant benefits," said Taylor. "They will help the province achieve its goal of electricity self-sufficiency, help reduce greenhouse gas emissions, reduce reliance on diesel-generated power in remote communities, and create jobs and economic diversification in areas hit hard by declines in other sectors. Many developments, such as NaiKun Wind's project, will also provide jobs and other socio-economic benefits to local First Nation communities."

The following excerpt from the Speech from the Throne is indicative of the provincial government's commitment to the renewable power sector:

"We will build on past successes with new strategies aimed at developing new clean, renewable power as a competitive advantage to stimulate new investment, industry and employment.

"Growing knowledge industries like database management and telecommunications will increasingly look for new places to invest and create jobs that have clean, reliable, low-carbon, low-cost power.

"New energy producers will be looking for long-term investments leveraged through long-term power contracts that give them a competitive edge in our province.

"B.C.'s multiple sources of clean, renewable energy are far preferable to reliance on other dirtier forms of power.

"We will open up that power potential with new vigour, new prescribed clean power calls and new investments in transmission. New approaches to power generation, transmission and taxation policies will create new high-paying jobs for British Columbia's families."

NaiKun Wind Energy Group Inc. (www.naikun.ca) is a British Columbia-based renewable energy company with offices in Vancouver, Masset and Skidegate. The 396 MW offshore wind energy project will generate enough energy to provide electricity to 130,000 B.C. homes, help the province reach its goal of becoming electricity self-sufficient by 2016, and play a significant role in combating climate change. The proposed project will also create an estimated 200 jobs during construction and 50 permanent jobs for maintenance and operations. NaiKun Wind is committed to working in partnership with First Nations and collaboratively with stakeholder groups and local communities in the development of its project.

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

Contact Information

  • NaiKun Wind Energy Group Inc. - Investor Relations Enquiries
    Peter Murray
    Manager, Investor Relations
    604-631-4494
    pmurray@naikun.ca
    or
    NaiKun Wind Energy Group Inc. - Media Enquiries
    Doug McClelland
    Director, Communications
    604-631-4487
    dmcclelland@naikun.ca
    www.naikun.ca