Involvement of CFI:
Negotiations with Project proponents, including principals of Innergex and Cloudworks (which was subsequently bought out by the Innergex Power Income Fund). Extensive financial analysis of business plan; due diligence on proponents industry background and independent consultants reports; worked directly with project proponents to determine suitable financing and ownership structure, which enabled conversion into an income trust at the completion of construction; made recommendations as to senior debt structure to project proponents and ultimate funding sources. Reviewed/confirmed construction budgetary process with engineering firm during course of construction. Status of Project: Facility operational. Construction financing now converted to term financing.