Synex Renewable Energy Corporation is a public company trading on the Toronto Stock Exchange since 1987. The Company has two wholly owned subsidiaries, Synex Energy Resources Ltd and Sigma Engineering Ltd. These businesses respectively cover the development, ownership and operation of electric power facilities and the provision of consulting engineering and environmental services in water resources, particularly hydroelectric facilities. Synex is an independent power producer which owns 12 megawatts of hydroelectric capacity in British Columbia, primarily on Vancouver Island.
Synex Energy Resources Ltd. owns and operates three hydroelectric plants on Vancouver Island in British Columbia: Mears Creek Plant (100% Ownership), Cypress Creek Plant (100%) and Barr Creek Plant (80%) which can generate a combined total of 11MW.
Synex Energy Resources Ltd. holds a minority ownership of two hydroelectric plants in British Columbia; China Creek Hydro Plant (12.5%) and Ptarmigan Creek Hydro Plant (11%) which can generate 6.5MW and 3.3MW respectively.
Synex Energy Resources Ltd. owns and operated Kyuquot Power Ltd., a regulated electrical utility on northwest Vancouver Island.
Projects in Development
Synex Energy Resources Ltd. is actively pursuing the development of two hydroelectric plants on Vancouver Island; Newcastle Creek Hydro Project and the McKelvie Creek Hydro Project, totalling 9.5MW.
Collectively, Synex Energy Resources Ltd. and Sigma Engineering Ltd. hold active land tenures, water licenses, and natural resource applications on over 50 potential hydroelectric sites throughout British Columbia. Several potential hydroelectric projects associated with these sites are in early feasibility and planning stages.
Sigma Engineering Ltd is a wholly owned subsidiary of Synex Renewable Energy Corporation. Sigma Engineering provides civil engineering services, particularly the design of hydroelectric generation facilities. Today Sigma Engineering focuses on the management and development of our power assets and development sites.
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