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May 06, 2015 4:13 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Run of River Power Inc.

Company Overview

Run of River Power Inc., together with its subsidiaries, develops renewable, sustainable energy through its portfolio of run-of-river and biomass projects in British Columbia, Canada. The company primarily operates the Brandywine project, a 7.6 megawatt run-of-river hydro project located south of Whistler, British Columbia, which produces electricity for approximately 4,000 homes. Its development portfolio includes 39 run-of-river power projects comprised of 5 clusters with an estimated capacity of 639 megawatts. Run of River Power Inc. is headquartered in Delta, Canada. As of August 15, 2014, Run of River Power Inc. operates as a subsidiary of Concord Green Energy Inc.

203-4840 Delta Street

Delta, BC V4K 2T6

Canada

Phone:

604-946-9232

Fax:

604-946-9250

Key Executives for Run of River Power Inc.

Chief Executive Officer, President, Director and Member of Compensation Committee
Age: 60
Director of Corporate Communications
Compensation as of Fiscal Year 2014.

Run of River Power Inc. Key Developments

Run of River Power Inc. Announces Resignation of Khalid Amlani, Chief Financial Officer

Run of River Power Inc. announced that Khalid Amlani has resigned as Chief Financial Officer of the company.

Run of River Power Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Run of River Power Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported electricity sales of CAD 88,000, LBITDA of CAD 422,000, loss of CAD 1,003,000 or CAD 0.01 per basic and diluted share against electricity sales of CAD 125,000, LBITDA of CAD 391,000, loss of CAD 973,000 or CAD 0.01 per basic and diluted share a year ago. Sales decreased as a direct result of a decrease in electricity generated to 1,367 MWh from 2,080 MWh. Funds used in operations were CAD 594,533 compared to funds from operations of CAD 135,806 in the current period. This improvement of CAD 730,339 was due to changes in working capital items.

Run of River Power Inc. Announces Consolidated Earnings Results for Full Year Ended December 31, 2013

Run of River Power Inc. announced consolidated earnings results for full year ended December 31, 2013. For the year, the company reported electricity sales of $1,933,000, LBITDA of $3,997,000, net loss of $11,347,000 or $0.11 per basic and diluted share, cash flow from operations of $735,000 compared to the electricity sales of $1,936,000, EBITDA of $195,000, net loss of $2,301,000 or $0.02 per basic and diluted share, cash flow used in operations of $180,000 for the previous year.

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