Category Archives: Stock News

Western Wind Energy completes repayment of the Mesa acquisition loan to Pacific Hydro Pty. Limited

Thursday, Jun 26, 2008

   

VANCOUVER,
June 25 /PRNewswire-FirstCall/ — Western Wind Energy Corp. ("Western
Wind") (TSX-V: WND) is pleased to announce that on Monday, June 23,
2008, Western Wind made a final payment of US $12,381,624 to Pacific
Hydro Pty. Limited ("Pacific Hydro"), in repayment of the Mesa
acquisition loan.

This final payment concludes all matters between Western Wind and Pacific Hydro.

Western Wind is pleased to own the 30 megawatt Mesa Wind Generating
Asset, with clear title and completely debt-free. Mesa has yielded 11.5
cents per kilowatt-hour in the current month of June, 2008. This is a
47% increase in the kilowatt-hour rate from June of 2007.

Western Wind is in the business of acquiring exceptional land sites,
capital and technology for the production of electricity from renewable
sources. Western Wind Energy conducts its operations through its wholly
owned subsidiaries in Arizona and California. Management of Western
Wind Energy includes individuals involved in the operations and
ownership of utility scale wind energy facilities in California since
1981.

 

Source: PR Newswire