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Synex Renewable Energy Corp T.SXI

Utilities Utilities - Independent Power Producers
Synex Renewable Energy Corporation is a Canada-based company, which is engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. It has ownership interests in 12 megawatts (MW) of operating hydro projects in British Columbia and owns a Vancouver Island grid connection and utility carrying on business as Kyuquot Power Ltd. The Company also has 9.4 MW of construction ready run-of-river projects, applications, and land tenures on another 24 potential hydroelectric sites totaling over 150 MW of capacity, and approximately 17 wind development sites that could provide up to 4,850 MW of clean power in British Columbia. The principal classes of business of the Company are the funding and development of energy projects, and the provision of engineering and project management services. The Company’s subsidiaries include Synex Energy Resources Ltd and Sigma Engineering Ltd., Kyuquot Power Ltd., Sea Breeze Power Corp. and others.


TSX:SXI - Post by User

Synex Renewable Energy Corp
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Post by freedom880on Jan 10, 2006 2:54pm
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Post# 10150781

News!

News! Synex Int'l sub receives $1.8-million for power line 2006-01-10 11:16 ET - News Release Mr. Greg Sunell reports SYNEX INTERNATIONAL UPDATE Synex International Inc.'s wholly owned subsidiary, Kyuquot Power Ltd., has entered into a loan agreement with the Canadian Western Bank. The amount of the loan is $1.8-million and the use of the funds is for the completion of construction of the Kyuquot power line. The construction work is scheduled for substantial completion by March 31, 2006, at which time Kyuquot Power will commence operations as a regulated electrical utility. Kyuquot Power will purchase electricity from B.C. Hydro, and distribute and sell the electricity to customers in the region of Fair Harbour to Kyuquot on western Vancouver Island in British Columbia
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