Energy Centre reducing hours

  • Jul. 2, 2010 9:00 a.m.

Naikun is rolling back its hours at the Haida Gwaii Energy Center in Masset for the summer. Naikun’s Lucy Shaw said the centre has not been used as much since the project was not chosen under BC Hydro’s Green Power call, but she’s interested in hearing from community members about how the company can best keep islanders informed. “We’re looking at a more pro-active approach to community education,” she said. Naikun has a community database and people can sign up for updates on the company via their website, for one. In other Naikun news, the company has selected Cormark Securities Inc. to review the its strategic alternatives. “We continue to believe there are significant opportunities for the project,” said Ms Shaw. Because the project has been awarded environmental assessment certificates and due to the amount of site engineering work done, she says there’s a lot of value in the project. Naikun Wind President and CEO Michael O’Connor said in a news release that Cormark would be supporting Naikun “to determine the best approach for realizing value from the Company’s assets and the important relationships we have developed over the last seven years.” The review will help the company assess options on maximizing exposure within renewable energy markets and ways to advance the offshore wind energy project. Joint ventures, business combinations or sale of the company’s interests are possibilities. Ms Shaw says the strategic review should be completed by the end of the summer.