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Article: Boralex Power Income Fund: Agreement in Principle on Temporary Operation of Dolbeau.
- Article from:
- PR Newswire
- Article date:
- October 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, Oct. 2 /PRNewswire-FirstCall/ -- Boralex Power Income Fund (the "Fund") has come to an agreement in principle with AbitibiBowater ("Abitibi") 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 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 Abitibi paper mill. In exchange for the steam, Abitibi would provide 75,000 dry tonnes of wood residue to the Fund for the duration of the agreement.
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