BOralex AND Gaz Métropolitain join forces in the realm of cogeneration
Montréal - Montréal Boralex and Gaz Métropolitain are joining forces in the development, ownership and management of gas-fired electricity and steam cogeneration facilities operating in Québec.
"It is with the prospect of Hydro-Québec's impending launch of a call for tenders among private power producers concerning 4.6 tWh in 2006 that our respective companies are pleased to pool their complementary expertise in order to establish cogeneration facilities in Québec," noted Jacques Gauthier, President and COO of Boralex.
Robert Tessier, President and CEO of Gaz Métropolitain added: "This partnership agreement is excellent news that offers outstanding business opportunities for a number of industrial firms operating throughout Québec. Major users of steam will be able to enhance their competitive position by controlling their energy costs."
Under the partnership agreement, Boralex and Gaz Métropolitain will gain a unique position in the development of cogeneration in Québec.
Boralex Boralex Inc. Is a leading private producer of renewable energy that has grown steadily since 1995. The company has over 200 employees and an installed capacity of nearly 300 MW. It owns and operates 16 power plants that rely on thermal generation and cogeneration using forest residues or natural gas, and hydroelectric generation. The company's power plants are located in Québec, the United States and France.
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