NaiKun Signs Agreement with ENMAX for Wind Energy Project

NaiKun Wind Energy Group Inc. has entered into an agreement with ENMAX Corporation to work toward developing the 320-megawatt (MW) Phase 1 wind energy project in the Hecate Strait in northern British Columbia.

NaiKun will receive consideration of $2,000,000 from ENMAX. “Involving a proven world-class utility like ENMAX is a major step forward for the NaiKun project,” said Michael C. Burns, Chairman of NaiKun Wind Energy Group Inc. ENMAX Energy, one of Alberta’s investors in renewable energy assets with 100 percent ownership of output from the McBride Lake Wind Farm and Taber Wind Farm, has interests in four other British Columbia renewable energy projects. “ENMAX owns and develops wind energy assets, has experience securing energy purchase agreements in British Columbia and,” Burns added, “endorses our view of the potential for wind energy and for the Haida Energy Field to help meet the province’s long-term electricity requirements.” Ray Castelli, President of NaiKun Wind Development Inc., said, “ENMAX also has wind energy assets in Alberta and has substantial BC-related transmission expertise. They will provide an important dimension to our bid to BC Hydro and bring experience to our future operations.”

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