TMX group

MONTREAL, Jan. 27 /CNW Telbec/ - (BLX.A-TSX) Boralex Inc. ("Boralex")
today announced that it has concluded a revolving credit agreement of
CA$85 million. This financing of an initial three-year term is being
underwritten by the National Bank Financial and Caisse de dDepFot et placement
du QuDebec acting as co-lead arrangers.
This financing is substituting the CA$ 65 million line of credit in place
until now.
"These funds give Boralex greater financial flexibility, thereby allowing
it to continue growth and development in all of its activities" said       
Jean-FranEcois Thibodeau, Vice-president and Chief Financial Officer of
Boralex.
Claude Audet, President and Chief Operating Officer of Boralex, noted
that: "With this financing, we are confident that Boralex will be able to
pursue new opportunities in order to sustain its development and renewable
energy production".

Boralex focuses on four types of power generation: hydroelectric power,
thermal or cogeneration power from natural gas or wood residue, and wind
power. These are all fields where Boralex has developed proven expertise
centered on renewable energy. Boralex employs more than 250 workers and owns
20 power stations in Quebec, the United States and France, with an installed
capacity of close to 315 MW, as well as an urban wood processing and recycling
centre in Montreal. In addition, Boralex holds a 23% interest in Boralex Power
Income Fund which owns 10 power stations in Quebec and the United States with
an installed capacity of close to 190 MW. Management of the Fund's assets is
provided by Boralex. (www.boralex.com).