Tembec's new turbine passes commercial-in-service test

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Tembec's new turbine passes commercial-in-service test

February 04, 2015 - 18:55
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MONTREAL, Jan. 28, 2015 (CNW) -Tembec announces that the recently installed turbine at the Temiscaming site has successfully met the commercial-in-service test set forth in the power purchase agreement ("PPA") it entered into with Hydro-Québec. The turbine operated for 100 continuous hours above the required level specified in the PPA. The Company was successful in meeting the test on its first attempt. This represents a significant milestone for the Company as the turbine qualification allows it to sell electricity to Hydro-Québec at the more favorable "green" power rate. The new boiler and turbine will materially improve the Temiscaming specialty cellulose mill's cost structure and profitability.

Tembec is a manufacturer of forest products - lumber, pulp, paper and specialty cellulose - and a global leader in sustainable forest management practices. Principal operations are in Canada and France . Tembec has approximately 3,400 employees and annual sales of approximately $1 .6 billion. Tembec is listed on the Toronto Stock Exchange (TMB).