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Synex Renewable Energy Corp T.SXI

Synex Renewable Energy Corporation is engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. The Company 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 16 wind development sites that could provide up to 4,700 MW of clean power in British Columbia. The electrical energy business of the Company is conducted by its wholly owned subsidiary, Synex Energy Resources Ltd. Its power plants include Mears Creek Hydro Plant, Cypress Creek Hydro Plant, China Creek Hydro Plant, McKelvie Creek Hydro Project, Newcastle Creek Hydro Project, Victoria Lake Hydro Project, and others.


TSX:SXI - Post by User

Bullboard Posts
Comment by smoking81on Oct 31, 2017 1:50pm
76 Views
Post# 26883024

RE:Example of screw ups?

RE:Example of screw ups?In 2008 there were lots of Power projects being built and management were approached to do lucrative engineering work on these projects. They had just finished doing a deal with Hawkeye Energy and went out of their way to turn down real work and promote their partnership with Hawkeye. As everyone now knows and they were told at the time, it was a huge screw up. They did not get paid and spent nearly 10 years fighting with Hawkeye which included lots of legal fees and court time. This was one of their few attempts to grow the company and was a major screw up. Unfortuneatly the other screw up is that they have been scared to do anything else and the company has just not grown. Other companies such as BluEarth Renewables have grown to $1.7B in about 5 years and are not even public.
Bullboard Posts