QUEBEC CITY,
Sept. 30, 2013 /CNW Telbec/ -
Innovente inc. (TSXV: IGE) ("Innoventé" or the "Corporation") is
pleased to announce the commercial operation of its first plant in
Saint-Patrice-de-Beaurivage.
Delivery of electricity to Hydro-Québec Distribution began
according to the terms of the contract after the Corporation
successfully completed all compliance tests and trials. Innoventé
thus officially reaches the status of renewable energy
producer.
"This commercial operation marks the fulfillment
of years of efforts aimed at bringing a green and economically
viable solution for the production of electricity from organic
residues. It also enables the Corporation to start generating
substantial revenue immediately. The Saint-Patrice plant is becoming Innoventé's
showcase, a model that has already begun to multiply, with projects
announced in Trois-Rivières and Matane," said Richard
Painchaud, President of Innoventé.
The power purchase agreement with Hydro-Québec
Distribution is for a period of 25 years, effective in September 2013, and provides for the production
of 4.6 MW of electricity at a price of 12
cents/kWh (2009$), indexed at 2.13%/year.
About Innoventé
Based in Québec City, Innoventé produces
renewable energy and provides communities with a green and
sustainable solution for the management of organic residues through
its technology patented in Canada
and the United States. Innoventé's
shares are listed on the TSX Venture Exchange under the symbol IGE
(TSXV: IGE). www.innovente.ca
Caution Regarding Forward-Looking
Information
Certain statements contained in this document,
including those that express management's expectations or estimates
regarding the Corporation's future performance, are
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information is
necessarily based on a certain number of estimates and assumptions
which, while considered plausible by the management when they are
made, are inherently subject to significant commercial, economic
and competitive risks and uncertainties. We advise investors not to
rely unduly on forward-looking information. The Corporation further
declines any intention or obligation to publicly update this
forward-looking information, whether due to new information, or
future or other events.
Neither the TSX Venture Exchange nor its
regulation service provider (as these terms are defined in policies
of the TSX Venture Exchange) bears responsibility for the adequacy
or accuracy of this press release.
SOURCE Innoventé Inc.