GODERICH, ON and EDMONTON - Capital Power Corporation (TSX: CPX) and Capital Power LP (collectively, "Capital Power"), Samsung Renewable Energy Inc., a subsidiary of Samsung C&T ("Samsung"), and Pattern Energy Group LP ("Pattern") (collectively referred to as "the partners") are proud to stand with neighbours affected by the August 21st tornado, by contributing $150,000 to support rebuilding efforts in Goderich. As a result of government matching, the partners' donation will result in a combined contribution of $450,000 to the Goderich and Area Disaster Relief Fund. The partners are developing the 270 megawatt (MW) K2 Wind Power Project ("K2") (formerly known as Kingsbridge II).
"Capital Power applauds the community members of Goderich and the Township of Ashfield-Colborne-Wawanosh (ACW) for their spirit and determination to restore the damage caused by the recent tornado," said Paul Wendelgass, Director of Business Development for Capital Power. "With our existing Kingsbridge I operations and employees who live and work in the area, Capital Power has a longstanding connection to the community and we are proud to support its restoration efforts."
"Samsung is proud to partner with the community of Goderich as it rebuilds in the wake of the August tornado. While profoundly damaging, natural disasters have the side-effect of bringing communities together to renew and rebuild. As a relatively new community member in the area, Samsung is proud to do our part," said Cheol-Woo Lee, Senior Executive Vice President, Samsung Renewable Energy Inc.
"As new neighbours in the community, we were shocked to see the devastating impact of the tornado, yet inspired by the resiliency of the great people of Goderich," said Mike Garland, CEO of Pattern. "We are proud to be part of the Goderich community and to support the relief efforts in this time of need."
The Government of Ontario has announced that it will match each donation on a two-for-one basis so that each $1 donated to disaster relief turns into $3.
Donations can be made to the Goderich Disaster Relief fund by phoning town hall at 519-524-8344 or by sending a donation to the fund at Goderich Disaster Relief Fund, 57 West Street, Goderich, Ont. N7A 2K5. The Goderich and Area Disaster Relief Committee will expand with the addition of members from the Township of ACW and Central Huron, areas that also sustained substantial damage and were declared disaster areas.
About Capital Power
Capital Power is a growth-oriented North American independent power producer, building on more than a century of innovation and reliable performance. The Company's vision is to be recognized as one of North America's most respected, reliable and competitive power generators. Headquartered in Edmonton, Alberta, Capital Power has interests in 35 facilities in Canada and the U.S. totalling approximately 5,100 megawatts of generation capacity. Capital Power and its subsidiaries develop, acquire and optimize power generation from a wide range of energy sources. The company's web site can be accessed at www.capitalpower.com.
About Samsung C&T Corporation
Founded in 1938, Samsung C&T is involved in a broad and growing portfolio of businesses, delivering creative, integrated business solutions to customers worldwide through a network of over 100 offices in 44 countries. Samsung C & T, Korea Electric Power Corporation (KEPCO) and its partners are building the world's largest renewable energy cluster in Southern Ontario. Samsung was selected by the Ontario Government for its rapidly expanding expertise in the alternative energy field, but also for the proven track record of constructing projects of similar scale from planning and financing to execution. Built on the success of our renewable energy projects in several countries - including the United States, Australia and Italy - Samsung recognized Ontario as a province that was open for business and welcoming of new jobs and investment. For more information: www.samsungrenewableenergy.com
Pattern Energy Group LP is an independent, fully integrated energy company that develops, constructs, owns, and operates renewable energy and transmission assets in the U.S., Canada and Latin America. With a long history in wind energy, Pattern's highly-experienced team of scientists, engineers, construction experts, and legal and financial professionals has developed, financed and placed into operation more than 2,500 MW of wind power projects. Pattern is strongly committed to promoting environmental stewardship and is dedicated to working closely with landowners and communities to create premier renewable energy projects. Currently operating 520 MW of wind energy in North America, Pattern is scheduled to start construction on new projects totalling more than 1,000 MW over the next 12 months. The Company's full development pipeline exceeds 4,000 MW of renewable energy and transmission projects. Pattern has offices in San Francisco, San Diego, Houston, New York, and Toronto. For more information, please visit www.patternenergy.com.
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