Conifex Timber Inc. (TSX:CFF) announced April 24 that its wholly-owned subsidiary, Conifex Power LP, has achieved a significant milestone by completing a continuous 72-hour run test at its 36-MW biomass plant at Mackenzie, British Columbia.
The successful completion of the run test, which requires formal acknowledgement by BC Hydro, was a critical requirement to achieve the commercial operation date (COD) under an existing Electricity Purchase Agreement (EPA). Upon achieving COD, the plant will commence selling electricity under the EPA to BC Hydro.
Conifex and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex’s lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Upon commencement of commercial operations at its power generation facility at Mackenzie, British Columbia, Conifex’s business sectors will be expanded to include bioenergy.