Altek Power Corporation - Province Grants Final Approvals on Fort Macleod Power Project

The approval permits consist of a development permit from the Town of Fort Macleod for construction of up to 100 MW of power output within the Fort Macleod town limits. The permit from the town of Fort Macleod was received on March 23, 2001.

The Company received its approval permit from Alberta Environment on September 25, 2001 and approval from ESBI on August 3rd, 2001.

Approval to construct and operate was received from the Alberta Energy and Utilities Board (AEUB) on October 10, 2001.

The permit process completes a major milestone in adding power generation capacity to the province of Alberta and could only have been achieved with the cooperation of all the governing agencies. This project was initiated as a result of the "Alberta Advantage" program.