Companies Bid on 400 MW Wind Power Project

[] Echo Power Generation and Enbridge have jointly submitted a 400 MW wind power bid in response to the Ontario Government’s Requests for Proposal (RFP) for renewable energy announced last April. If successfully awarded a Renewable II Energy Supply Contract under the Ontario Ministry of Energy’s Requests for Proposal for up to 1,000 MW of renewable energy, Enbridge will acquire ownership of Echo Power. Any portion of the project that is not awarded will be spun off into a new company that will be fully owned by the existing Echo Power shareholders on a pro rata basis. Enbridge will finance, construct, own and operate the projects.
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