Boralex and AbitibiBowater reach agreement over the Dolbeau power station

The Boralex Power Income Fund has come to an agreement in principle with AbitibiBowater on the temporary operation of the Dolbeau power station, conditional on the agreement of the controller of Abitibi's C-36 and on certain closing conditions.

Under the agreement, the Boralex Power Income Fund would operate its cogeneration plant at Dolbeau-Mistassini from November 15, 2009 to April 15, 2010, and during that period it would produce electricity and the steam required to heat the AbitibiBowater paper mill.

In exchange for the steam, AbitibiBowater will provide 75,000 dry tonnes of wood residue to the Boralex Power Income Fund for the duration of the agreement.

Boralex Power Income Fund is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Quebec and in the United States producing energy from different sources including wood-residue or natural gas thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 190 MW.

Source: Boralex Power Income Fund