Synex International Inc.
Monday, August 22, 2016 - 11:04 AM EDT

Synex International Inc. Update on Mckelvie Creek Hydro Project



Vancouver, British Columbia (FSCwire) - Synex International Inc. (the “Company”) announces that Synex Energy Resources Ltd. (“Synex”), a wholly owned subsidiary of the Company, has received confirmation from BC Hydro that the 5.3MW McKelvie Creek Hydro Project (the “Project”) has been registered within BC Hydro’s Standing Offer Program, Target Volume Management System for a Target Commercial Operation Date (“Target COD”) of 2018.  The confirmation by BC Hydro notes that the Target COD does not guarantee acceptance of the application or an offer of an Electricity Purchase Agreement.  Synex anticipates that it will promptly respond to matters raised by BC Hydro.

 

The Project is to be located in mid-Vancouver Island, nearby to the existing 3.8MW Mears Plant, 2.8MW Cypress Plant and 4.3MW Barr Plant as well as the 4.3 Newcastle Creek Hydro Project (the “Project”), which was registered within BC Hydro’s Standing Offer Program, Target Management System for a Target COD of 2018 in early March 2016.

 

Synex is an experienced run of river hydroelectric developer and consultant located in Vancouver, British Columbia.  The Company wholly owns or has interests in 12 MW of operating facilities and has applications for water licences and land tenure on over 55 potential hydroelectric sites which are either in various stages of development or are being held for disposition.

 

For more information, contact Greg Sunell at gsunell@synex.com

 

            “signed”

______________________________________

Greg Sunell, President

 

400 – 1444 Alberni Street, Vancouver B C  V6G 2Z4

Phone (604)  688 8271  Ext. 309  Fax  (604)  688 1286

E-mail:  gsunell@synex.com   Web Site:  www.synex.com/

 

Forward-Looking Statements

 

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. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the successful completion of projects, regulatory and other approvals, and the anticipated advancement of projects. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, expect as required by applicable law.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Synex08222016.pdf

Source: Synex International Inc. (TSX:SXI)

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