Northland Power Income Fund

Northland Power Income Fund

March 11, 2005 13:16 ET

Northland Power Income Fund's Mont Miller Wind Power Project Commences Delivery of Electricity




MARCH 11, 2005 - 13:16 ET

Northland Power Income Fund's Mont Miller Wind Power
Project Commences Delivery of Electricity

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - Northland Power
Income Fund (the "Fund") (TSX:NPI.UN) is pleased to report that 10 wind
turbines at the Fund's Mont Miller wind power project located in the
Gaspesie region of Quebec (the "Project") have been commissioned and are
supplying power to the Hydro-Quebec grid. To date, a total of 26 of the
Project's 30 wind turbines have been fully erected and the civil works,
substation and electrical collection system are essentially complete.

The project contractor's scheduled date of March 6th for substantial
completion has been delayed due primarily to harsh weather conditions
and high winds during construction. The Fund's Manager anticipates that
all but one of the Project's 30 wind turbines will be commissioned and
have commenced operations by mid-April, representing a delay of
approximately five weeks. The last turbine may require several
additional weeks to finish. The contractor will be held responsible for
liquidated damages related to the delays. These minor delays will have
no financial impact on the Fund and its unitholders because the
Project's developers, at the time of the Fund's acquisition of the Mont
Miller Project, had agreed to assume the financial consequences of any
cost or schedule variances from the original budget and timetable.

The Project, when completed, will consist of 30 Vestas V-80 wind
turbines with a total installed capacity of 54 MW and will supply
electricity to Hydro-Quebec under the terms of a 21-year power purchase


Northland Power Income Fund indirectly owns interests in four power
projects: three combined-cycle cogeneration power plants that
efficiently and cleanly produce electricity and steam for sale and one
wind power project. Two cogeneration plants are located in Ontario: the
120 megawatt (MW) Iroquois Falls Facility that has been wholly-owned by
the Fund since its inception in 1997, and the 110 MW Kingston Facility
of which the Fund now owns 50%. Through its 19% equity interest in Panda
Energy Corporation (PEC) and loan to a PEC subsidiary, the Fund has an
interest in the 230 MW Panda-Brandywine cogeneration power plant located
just outside Washington, D.C. Electricity and steam sales from the
cogeneration plants are made under long-term contracts with creditworthy
entities to ensure revenue stability, and long-term contracts assure the
supply and price of natural gas, which is the Fund's largest cost.

The Fund's trust units and convertible debentures trade on the Toronto
Stock Exchange under the symbols NPI.UN and NPI.DB respectively. The
units and debentures are qualified investments, and are not considered
foreign property for RRSPs and DPSPs under the Canadian Income Tax Act.

The Fund has in place a distribution reinvestment plan that allows
unitholders who are residents of Canada to automatically have their
monthly cash distributions reinvested in additional trust units.
Participants do not pay any costs associated with the plan, including
brokerage commissions. For further information or to join the plan
contact your financial advisor or broker.


The above disclosure contains certain forward-looking statements.
Although these forward-looking statements are based upon current
expectations and assumptions, they are subject to numerous risks and
uncertainties, certain of which are beyond the Fund's control. No
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do
so, what benefits, including the amount of distributions, the Fund and
unitholders will derive therefrom.


Contact Information

    Barb Bokla, Investor Relations Manager
    (416) 962-6262 x156
    John Brace, President
    Northland Power Income Fund Management Inc.
    (416) 962-6262 x115
    (416) 962-6266 (FAX)