Bc Hydro Power Purchase Agreements

Swift Power Corp., an independent hydroelectric and river company based in Vancouver, B.C. has been awarded a long-term power purchase contract (EPA) from BC Hydro for the Dasque Cluster hydroelectric project. Over the next few months, Swift Power will complete the selection of an engineering office that will continue detailed planning for the Dasque Cluster project and select a contractor. In the in-between, Swift Power pursues options for debt and equity financing in light of this price. The 20 MW project is located 25 km southwest of Terrace, B.C. and is expected to be operational by the end of 2012 (until necessary regulatory approvals and funding are granted). “We look forward to helping the province achieve its climate goals and energy self-sufficiency mandate by producing reliable, clean energy from the dasque cluster Facility,” said Alexi Zawadzki, President and CEO of Swift Power. Following the implementation of the EPA, BC Hydro will submit to the BC Utilities Commission for verification. In the meantime, the Company will publish the required performance documents for both BC Hydro EPA and the BCTC Liaison Agreement on schedule.

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