Boralex — Senneterre Power Station generates jobs and energy in Abitibi-Témiscamingue Montréal, October 2, 2002 – Today, with many dignitaries of the local community, business partners of the region, Directors of the Boralex Power Income Fund in attendance, Boralex – Senneterre Power Station inaugurated its wood-residue thermal power station, an investment of 61 million dollars. The inauguration of the power station represents the fruit of Boralex’s unwavering commitment to this region’s economy. In order to thank all those who were involved in the realization of this project, the employees of the power station as well as the members of management assembled to lead a tour of this new facility, which will benefit the region’s economy for years to come. On the agenda today: the official cutting of the ribbon, a tour of the power station by the employees as well as a presentation of the highlights of the construction of the power station and its operation. Boralex – Senneterre Power Station, owned by Boralex Power Income Fund, represents a major economic contributor to the Abitibi-Témiscamingue region with 25 permanent jobs created at the station. During the construction phase, which started in June 2000, 200 workers were employed. With a total installed capacity of 34.6 MW, this thermal power station, which has been in operation since January 2000, will produce 232.5 GWh annually. The electricity produced as a result of the transformation of wood residues is sold to Hydro-Québec, under a 25-year long-term contract. The power station is fuelled from wood residues from local and regional sawmills, thereby contributing to the economic development of the Abitibi-Témiscamingue region. In addition to this new installation, Boralex operates seven other similar stations located in Dolbeau and the United States. Boralex operates eleven wood-residue, natural gas cogeneration, hydroelectric or wood turbine thermal energy producing stations in Québec, the United States and France. Also, Boralex Power Income Fund, which is managed by Boralex and in which Boralex holds an important participation, operates eight hydroelectric, thermal or wood-residue as well as natural gas cogeneration energy producing stations in Québec. Together, these two entities have more than 230 employees and have a total installed capacity of more than 360 MW. Boralex's stock trades on the Toronto Stock Exchange under the ticker symbol BLX.A and Boralex Power Income Fund's stock trades under the ticker BPT.UN. - 30 - For further information, please contact: Jacques Gauthier President and Chief Executive Officer Boralex Inc. Telephone: (514) 284-9890 Fax: (514) 284-9895 E-mail: jgauthier@cascades.com Carole Villeneuve Director of Communications Boralex Inc. Telephone: (514) 985-1353 Fax: (514) 985-1355 E-mail: cvilleneuve@cascades.com