Conifex Announces Resumption of Power Plant Operations
Conifex Timber Inc. (“Conifex”) announced that it has successfully recommissioned operations at its power plant in Mackenzie, British Columbia and began producing electricity at normalized rates following the previously disclosed disruption caused by damage to the power plant’s turbine.
“We appreciate how our power plant team was able to identify the malfunction of the turbine well ahead of the customary maintenance schedule. The team’s tireless efforts allowed us to overcome supplier and manufacturer challenges and ensured the successful recommencement of operations,” said Ken Shields, Chairman and CEO.
Conifex previously commenced an insurance claim to recover business interruption and property damage costs, subject to customary deductibles and limits.
About Conifex Timber Inc.
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, Canadian and Japanese markets. Conifex also produces bioenergy at its power generation facility at Mackenzie, BC.
Contact:
Winny Tang – CFO – (604) 216-2949
Source: Conifex Timber Inc.
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