Run of River Power Inc.
TSX VENTURE : ROR

Run of River Power Inc.

July 31, 2006 15:53 ET

Run of River Comments on BC Hydro 2006 Call for Tenders

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 31, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Run of River Power Inc. (TSX VENTURE:ROR) ("Run of River") was notified that it was not awarded a contract in the most recent B.C. Hydro Call for Tenders. The names of those who were awarded a Power Purchase Agreement (PPA) were announced at the end of last week.

B.C. Hydro is scheduled to meet with senior management of Run of River to discuss the reason(s) why the Raffuse submission was not successful. Jako Krushnisky, CEO of Run of River, commented, "We are considering several options for the sale of power from the Raffuse Creek project and while we are certainly disappointed with the decision by B.C. Hydro, we remain very optimistic about our portfolio of properties and the upcoming Call for Tenders expected in the Fall of 2006 into which we intend to submit at least 4 projects totaling over 50 MW of installed capacity."

About Run of River Power

Run of River Power Inc. is an alternative energy development company. Its first hydroelectric facility at Brandywine Creek produces approximately 40,000 MWh of electricity per year or power for approximately 4,000 homes and sells the power to BC Hydro on a long-term 20 year contract. Run of River intends to develop an additional 150MW of installed capacity through 12 other projects, 10 of which are located in the adjacent Mamquam and Upper Pitt River watersheds located near Whistler, B.C.


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Contact Information

  • Run of River Power Inc.
    R. G. ("Jako") Krushnisky
    President
    (604) 946-9232
    or
    Run of River Power Inc.
    David Speck
    Investor Relations
    (416) 368-8464
    www.runofriverpower.com