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13/01/2012 11:43 AM
Red Deer Advocate - Local school boards support initiative to harness wi...
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trustees will study the initiative further before making a decision on the project. Currently school boards have a fairly low contract for utility prices because it was signed several years ago when market conditions were such power prices were projected to be low, he said. Thats radically dierent to what has happened. Power prices are quite high recently because of signicant outages of power plants. The current contract is quite low but that was based on market conditions three or four years ago. If you were to sign that contract today that would be well above the price we are contemplating through this project. In the coming weeks, the number of boards participating in the project are expected to be solidied. This way they can size the project and nalize its application to the Alberta Utilities Commission by the end of January. If the project is approved, construction would start in the fall of 2013 with the wind farm fully operational by January 2014. The lifespan of the project is 25 years. crhyno@reddeeradvocate.com
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13/01/2012 11:43 AM