The purchase of lands buildings and pellet manufacturing facilities, located at 10285 Dallas Road in Kamloops, is expected to be completed by September 2011.
Under the15-year lease agreement, Cedarhurst will lease a portion of the property as the permanent site for their planned biomass power project.
Nations Energy has been selected by BC Hydro to develop the biomass power projects under its Community-Based Biomass Power program for Kamloops.
As per the deal, Biosource and Cedarhurst will collaborate with respect to the use of the facilities including potential arrangements on fibre supply, for pellet production and distribution, including shared use of rail transport facilities.
Nations Energy is an integrated sustainable bioenergy company focused on the creation of carbon neutral energy and bio fuels from Mountain Pine Beetle killed biomass.
