NaiKun Wind Energy Group: Haida Nation Releases Gunton Report
August 31 2011 - 3:59PM
Marketwired
NaiKun Wind Energy Group (TSX VENTURE: NKW) (the "Company") - The
Council of the Haida Nation (CHN) has released the report
"Independent Evaluation of the NaiKun Wind Energy Project" authored
by Dr. Thomas I. Gunton and Chris T. Joseph both of the School of
Resource and Environmental Management at Simon Fraser University.
The CHN commissioned the independent review to provide an
evaluation of the economic and environmental aspects of the NaiKun
Offshore Wind Energy Project (the Project) as they relate to the
Haida Nation's involvement in the Project.
The report concluded:
"Based on the principles contained in the agreements negotiated
by the Haida and preconditions set by the Haida for approval of the
project, we conclude that the project is structured in a way that
allows the Haida to realize potential economic benefits with
minimum risk... Based on the extensive environmental reviews by
Rescan, the federal government, and the provincial government, as
well as our own review we conclude that contingent on the
implementation of specified mitigation measures, the project is
unlikely to have any significant adverse environmental risks."
A link to the complete Report is available on the CHN website
at:
http://www.haidanation.ca/Pages/Splash/Documents/Independent%20Evaluation_Tom%20Gunton_August172011.pdf
NaiKun is a British Columbia-based renewable energy company.
Located on B.C.'s northwest coast, where the wind resource is one
of the strongest and most consistent in the world, NaiKun's Phase I
396MW offshore wind project would generate enough energy to provide
electricity to 130,000 B.C. homes. The NaiKun project is at an
advanced stage of development with environmental approvals from the
Provincial and Federal Governments and agreements in place with key
suppliers and First Nations. Given its development status,
construction can begin within two years of the award of an
electricity purchase agreement. For more information on NaiKun,
please visit www.naikun.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: NaiKun Wind Energy Group Inc. Michael O'Connor
President & CEO 604-639-8460 604-685-4215 (FAX) info@naikun.ca
www.naikun.ca NaiKun Wind Energy Group Inc. Media Enquiries
604-631-4476 NaiKun Wind Energy Group Inc. Investor Enquiries
604-631-4494
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