NaiKun Receives EAC Extension

NaiKun Receives EAC Extension

For Immediate Release 

December 12, 2014

Vancouver, British Columbia – December 12, 2014 – NaiKun Wind Development Inc., a wholly-owned subsidiary of NaiKun Wind Energy Group Inc. (TSX-V: NKW), (“NaiKun” or the “Company”) has received a five- year extension from the B.C. Environmental Assessment Office (EAO) to the deadline in their Environmental Assessment Certificate to substantially start the NaiKun Offshore Wind Project. The extension request was submitted to the EAO on July 11, 2014.

The Certificate Extension Report, dated December 5, 2014, concludes that “EAO anticipates no significant adverse environmental, economic, social, health, or heritage effects, taking into account practical means of preventing or reducing to an acceptable level, any potential adverse effects, as specified in the terms, conditions and commitments of the current Certificate.” To read the full report or for more information on the B.C. Environmental Assessment Office, please go to http://www.eao.gov.bc.ca

NaiKun is a British Columbia-based renewable energy company. Located on B.C.’s northwest coast, where the wind resource is one of the strongest and most consistent in the world, NaiKun’s 396MW offshore wind project would generate enough energy to provide electricity to 130,000 B.C. homes. If the project does proceed it is expected to result in an estimated 500 jobs during construction, 50 permanent jobs for maintenance and operations and over $400 million in direct expenditures in the province during construction, of which $250 million will benefit North Coast communities.

The NaiKun Wind project is at an advanced stage of development with environmental approvals from the Provincial and Federal Governments and agreements in place with key suppliers and First Nations. Given its development status, construction can begin within two years of the award of an electricity purchase agreement.

For further information please contact:
Michael O’Connor, President & CEO
NaiKun Wind Energy Group Inc.
Tel: 604-639-8460 • Fax: 604-685-4215
Email: info@naikun.ca

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