Maxim Power Corp. Announces Acquisition and Decree Permitting PPA Renewals in France, Completion of a Forward Sales Contract in Alberta, and Termination of CDECCA Demand Response Agreement

From: CCNMatthews Newswire | Date: January 26, 2007 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Jan. 26, 2007) -

Acquisition of Cogeneration Assets in France

MAXIM (TSX:MXG) is pleased to announce that COMAX France S.A.S., the Corporation's wholly-owned French subsidiary, has entered into an agreement for the acquisition of six cogeneration plants in France, for a total consideration of Cdn$29.2 million (EUR 19.1 million). The total purchase consideration includes Cdn$20.5 million (EUR 12.1 million) in cash plus the assumption of Cdn$9.3 million (EUR 6.1 million) in capital leases. The total capacity of the plants is 36.9 MW electrical and 27.2 MW ...

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