Kettles Hill Achieves Progress In Auction Process

NAW Staff, Wednesday 21 November 2007 - 01:00:00

In pursuit of the sale of Kettles Hill Wind Energy Inc. (KHWE), the operating company of Kettles Hill Windpower Facility, Creststreet Kettles Hill Windpower LP has completed certain milestones in the process to provide liquidity to the unit-holders of the partnership. Kettles Hill Windpower has reached agreement with the other shareholders of KHWE to facilitate this sale process.

As a result, interested parties will now be able to acquire the Kettles Hill facility through a simpler transaction. Blair Franklin, the partnership's independent advisor, will commence a broad market canvass and will contact potential purchasers interested in acquiring KHWE.

KHWE received C$16.5 million from the Canadian government in July under the ecoENERGY for Renewable Power initiative for a 63 MW wind farm near Pincher Creek, Alberta.



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