Sprott Power Corp. announces loan to contracted wind power projects

Tuesday, Jan 15, 2013

TORONTO, Jan. 14, 2013 /CNW/ - Sprott Power Corp. (TSX:SPZ), a developer, owner and operator of renewable energy projects, announced that it has entered into agreements under which it has advanced and/or agreed to advance approximately $0.5 million in interest bearing secured loans.  The loans are secured by wind power development projects in Ontario with executed power purchase agreements totaling approximately 27.5 megawatts.

About Sprott Power Corp.

Sprott Power is a publicly-traded (TSX: SPZ) Canadian-based company dedicated to the development, ownership and operation of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, Sprott Power provides its shareholders with income and growth from the renewable power generation sector of the energy industry.

SOURCE Sprott Power Corp.