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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - NaiKun Wind
Energy Group Inc. (TSX VENTURE:NKW) ("NaiKun") welcomed the
release today of BC Hydro's Clean Power Call Request for Proposals
("RFP"), which underscores the province's commitment to
meeting B.C.'s growing energy needs with clean, renewable power
sources.
"We welcome BC Hydro's Clean Power Call, as it will allow our
company to move closer to developing our offshore wind energy
project," said Paul Taylor, President of NaiKun Wind Energy Group.
"BC Hydro has reframed the Clean Power Call as a RFP, which will
provide us even greater flexibility to reflect the unique attributes of
our clean energy project."
NaiKun's project is in line with many of the priorities identified in
BC Hydro's Clean Power Call RFP, including the need for clean,
renewable energy using proven technologies. Offshore wind generates
renewable energy with no emissions and utilizes proven, world-class
technology. BC Hydro's call is reflective of the need for larger
projects such as NaiKun's, which has the capacity to deliver 320 MW of
clean, renewable energy.
NaiKun is proposing to build Canada's first offshore wind project in
Hecate Strait off the north coast of British Columbia. The project
would produce enough energy to power 120,000 homes, nearly one quarter
of the power called for in BC Hydro's RFP.
"Our team of experienced energy experts, engineers, project
managers and other specialists are focused on preparing a competitive bid
and we are confident in our ability to obtain an energy-purchase
agreement with BC Hydro," said Mr. Taylor. In addition, our team
continues to work on other important aspects of the project, such as
the environmental assessment, site engineering, transmission planning,
and design," He added that these elements are progressing
according to the company's project timeline.
"We continue to support BC Hydro and the provincial government's
commitment to ensuring that alternative energy solutions are aligned with
the province's goal of developing the clean and renewable energy that
B.C. needs and that British Columbians want," said Mr. Taylor.
"Tackling climate change and finding clean energy solutions is
top-of-mind for residents of this province and indeed for all
Canadians. NaiKun is committed to creating a wind-energy project that
would contribute to solving these important issues."
NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) is a Vancouver-based
renewable energy company that is traded on the TSX Venture Exchange.
Its subsidiary, NaiKun Wind Development Inc., is engaged in the
development of an offshore wind project in Hecate Strait off the coast
of British Columbia. For more information, please visit www.naikun.ca.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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