Innergex Reaches Agreements on Changes to Hydroelectric Projects in British Columbia

Innergex Reaches Agreements on Changes to Hydroelectric Projects in British 
Columbia 
LONGUEUIL, QC, March 27, 2014 /CNW Telbec/ - Innergex Renewable Energy Inc. 
(TSX: INE) ("Innergex" or the "Corporation") has reached agreements with BC 
Hydro regarding the Upper Lillooet Hydro Project, comprised of the Upper 
Lillooet River, Boulder Creek and North Creek run-on-river hydroelectric 
projects in British Columbia. 
Pursuant to these agreements: 


        --  The higher installed capacity of the Upper Lillooet River
            hydroelectric project is confirmed at 81.4 MW;
        --  The higher installed capacity of the Boulder Creek
            hydroelectric project is confirmed at 25.3 MW;
        --  The 16.0 MW North Creek hydroelectric project is cancelled.

The Corporation had requested BC Hydro's consent to these changes in early 
2013.

Pursuant to these agreements between the Corporation and BC Hydro, the 
commercial operation date for the Boulder Creek project will occur no earlier 
than July 1, 2016.

About Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent 
renewable power producer. Active since 1990, the Company develops, owns and 
operates run-of-river hydroelectric facilities, wind farms and solar 
photovoltaic farms and carries out its operations in Quebec, Ontario and 
British Columbia and in Idaho, USA. Its portfolio of assets currently consists 
of: (i) interests in 32 operating facilities with an aggregate net installed 
capacity of 672 MW (gross 1,164 MW), including 25 hydroelectric operating 
facilities, six wind farms, and one solar photovoltaic farm; (ii) interests in 
five projects under development or under construction with an aggregate net 
installed capacity of 210 MW (gross 321 MW), for which power purchase 
agreements have been secured; and (iii) prospective projects with an aggregate 
net capacity totaling 2,900 MW (gross 3,125 MW). Innergex Renewable Energy 
Inc. is rated BBB- by S&P and BB (high) by DBRS (unsolicited rating).

The Corporation's strategy for building shareholder value is to develop or 
acquire high-quality facilities that generate sustainable cash flows and 
provide a high return on invested capital, and to distribute a stable dividend.

Forward-looking information

In order to inform readers of the Corporation's future prospects, this press 
release contains forward-looking information that can generally be identified 
by the use of words such as "projected", "potential", "expect", "will", 
"should", "estimate", "forecasts", "intends", or other comparable terminology 
that states that certain events will or will not occur. It represents the 
estimates and expectations of the Corporation relating to future results and 
developments as of the date of this press release. The material risks and 
uncertainties that may cause actual results and developments to be materially 
different from current expressed Forward-Looking Information are referred to 
in the Corporation's Annual Information Form in the "Risk Factors" section and 
include, without limitation: the ability of the Corporation to execute its 
strategy; its ability to access sufficient capital resources; changes in 
hydrology, wind regimes and solar irradiation; delays and cost overruns in the 
design and construction of projects; the ability to develop new facilities; 
and variability of installation performance and related penalties. Although 
the Corporation believes that the expectations and assumptions on which 
Forward-Looking Information is based are reasonable, readers of this press 
release are cautioned not to rely unduly on this Forward-Looking Information 
since no assurance can be given that they will prove to be correct. The 
Corporation does not undertake any obligation to update or revise any 
Forward-Looking Information, whether as a result of events or circumstances 
occurring after the date of this press release, unless so required by 
legislation.



SOURCE  Innergex Renewable Energy Inc. 
Marie-Josée Privyk, CFA, SIPC Director - Investor Relations 450928-2550, 
ext. 222 mjprivyk@innergex.com 
www.innergex.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/March2014/27/c7376.html 
CO: Innergex Renewable Energy Inc.
ST: Quebec
NI: UTI FIN  
-0- Mar/27/2014 12:00 GMT
 
 
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