CURRENT OPERATIONAL ASSESTS

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 in China Creek Hydro Plant (12.5%) which can generate 6.5MW.

Synex Energy Resources Ltd. owns and operates Kyuquot Utility, a small electrical utility on Vancouver Island.

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Barr Creek Hydro Plant

80% Ownership

The Barr Hydro Plant has an installed capacity of 4.4 MW and is located on Barr Creek on the west coast of Vancouver Island near the village of Zeballos. The plant is owned by the Barr Creek Limited Partnership and operated by the general partner, Barr Creek Hydro Ltd. Synex Energy has an 80% interest in both the general partner and Barr Creek Limited Partnership. The remaining 20% interest is owned by the Ehattesaht First Nation. Commercial operation commenced on February 2, 2012 under the terms of a 40 year Electricity Purchase Agreement with BC Hydro, with an original construction cost of $12,787,115.

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Mears Creek Hydro Project

100% Ownership

Located on Vancouver Island near Gold River, this 3.8 MW run-of-river hydro project was commissioned in January 2004 and provides electricity to the integrated grid under the terms of a 20 year Electricity Purchase Agreement with BC Hydro, with an original construction cost of $6,973,534.

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Cypress Creek Hydro Project

100% Ownership

Located on Vancouver Island near the Mears Creek plant, this 2.8 MW run-of-river hydro project was commissioned in July 2009 and provides electricity to the integrated grid under the terms of a 30 year Electricity Purchase Agreement with BC Hydro. This project is connected to the BC Hydro system though the Mears Creek power line, with an original construction cost of $8,941,265.

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Kyuquot Grid Connection and Utility

100% Ownership

Kyuquot Power Ltd. is a wholly owned subsidiary of Synex Energy which owns and operates a regulated electrical distribution utility on the west coast of Vancouver Island. Commercial operation of this utility commenced on May 26, 2006. Kyuquot Power provides electricity from the BC Hydro integrated grid, replacing a number of small diesel generators, , with an original construction cost of $3,971,702.

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China Creek Hydro Plant

12.5% Ownership  

Located on Vancouver Island near Port Alberni, this 6.5 MW run-of-river hydro plant was commissioned in December 10, 2005 and provides electricity to the integrated grid under the terms of a 20 year Electricity Purchase Agreement with BC Hydro. Synex partnered with the Hupacasath First Nation, Ucluelet First Nation and The City of Port Alberni, with an original construction cost of approximately $14,000,000.

Address

4248 Broughton Avenue,
Niagara Falls, Ontario, Canada, L2E 3K6 

Contacts

Telephone: (604) 688-8271
Fax: (604) 688 1286
Email: daniel.russell@synex.com

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