Run of River Power Reports Results

by NationTalk on May 4, 2009768 Views

Run Of River Power Reports Results For Fourth Quarter And Year End 2008 Vancouver, BC (April 29, 2009) – Run of River Power Inc. (“ROR” or “the Company”) (TSX-V: ROR) today announced financial and operating results for the fourth quarter and year ended December 31, 2008. The Management’s Discussion and Analysis, consolidated financial statements and accompanying notes will be filed to SEDAR and posted on ROR’s website www.runofriverpower.com. All figures reported herein are Canadian dollars unless otherwise stated.Highlights

Submitted response to Request For Proposal for Mamquam Power Project (35 MW) and Upper Pitt River Power Project (155 MW) into BC Hydro’s 2008 Clean Power Call. Completed acquisitions of Western Biomass Power Corp. and 80% of Pacific Northwest Biomass Corp. Projects planned by these two operations aim to produce in excess of 670,000 MWh of green, sustainable electricity for approximately 67,000 homes annually. Advanced 27 new hydroelectric power projects in central BC, with combined total output estimated in excess of 1.5 million MWh of green energy per year, enough power to meet the energy needs of approximately 150,000 homes annually.

Operating results at the Brandywine Creek facility reduced due to planned and unplanned outages and curbed water flows from delayed snowpack melt and lower annual rainfall. All maintenance has been completed and the facility has resumed normal operations.“During 2008 we continued to make excellent progress on our development projects,” said Jako Krushnisky, President and CEO. “With the support of the First Nations, we submitted twoproposals into BC Hydro’s Call for Clean Power. The Upper Pitt River and Mamquam Power Projects, which together represent nearly 200 MW of capacity, are strongly positioned to deliver renewable energy to the Lower Mainland, where increasing energy demands are the greatest. “We also successfully advanced 27 new hydroelectric projects in the Highway 20 / Tatla Lake region during 2008, increasing our total development run-of-river and biomass portfolio by 437 MW to almost 750 MW of generating capacity,” added Mr. Krushnisky.

Financial Highlights

>> View full press release here.

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