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Synex International Inc. update on the Cypress Hydro Project
Tuesday, August 04, 2009 3:13 PM


TSE: SXI

VANCOUVER, Aug. 4 /CNW/ - Synex International Inc. announces that its wholly owned subsidiary, Synex Energy Resources Ltd., has received notification from BC Hydro that the electricity purchase agreement in respect of the Cypress Creek Hydro Project under the Standing Offer Program (the "EPA") has been approved by the British Columbia Utilities Commission (the "BCUC"). The commercial operation date ("COD") under the EPA is July 31, 2009. The Cypress plant is the first applicant under the BC Hydro Standing Offer Program to achieve commercial operation. In addition, the Cypress plant has been accepted under Environment Canada's "Environmental Choice"(M) program as EcoLogo(M) Certified.

The Cypress plant is a 2.8 MW hydroelectric facility located near Gold River on Vancouver Island, BC. The Cypress plant utilizes the same powerline to deliver electricity to BC Hydro as the Mears plant. The Mears plant is an existing 3.8 MW hydroelectric facility which is wholly owned by Synex Energy Resources Ltd.

Synex International Inc. is a public company trading on the Toronto Stock Exchange (TSX) with businesses involved with the development, ownership and operation of electrical generation facilities, as well as the provision of consulting engineering services in water resources, particularly for hydroelectric and other power facilities.

      "signed"
Greg Sunell, President

This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect our current expectations and are subject to change. They are subject to a number of risks and uncertainties including, but not limited to, changes in economic conditions, risks associated with the construction and operation of hydroelectric facilities and changes in government policies.

(Source: CNW )


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