Western GeoPower Terminates Power Purchase Agreement With PG&E

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Overig advies 09/02/2008 08:09
VANCOUVER, BRITISH COLUMBIA--(Marketwire - February 08, 2008) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO UNITED STATES OF AMERICA NEWS SERVICES.
Western GeoPower Corp. (TSX VENTURE: WGP) (FRANKFURT: WE6.F), a renewable energy development company, today announced that it has exercised its right to terminate the Power Purchase Agreement dated May 9, 2007 between its wholly-owned subsidiary Western GeoPower, Inc. and Pacific Gas & Electric Company ("PG&E") of San Francisco, California, for the supply of electricity from the proposed Western GeoPower Unit 1 at The Geysers Geothermal Field in California.

California Public Utilities Commission approval was not received within the time-frame stipulated in the Power Purchase Agreement. "The termination of the Power Purchase Agreement will not affect the projected start of commercial operations in early 2010 for the Western GeoPower Unit 1 power plant said Kenneth MacLeod, President and CEO of Western GeoPower."

The Geysers Geothermal Field, located 75 miles north of San Francisco, California, is the largest producer of geothermal electricity in the world. Commercial geothermal power has been generated continuously at The Geysers field since 1960, the present generation level being about 900 megawatts of clean, baseload electricity. Western GeoPower's Unit 1 project is situated in the south-western region of The Geysers field in Sonoma County.

Corporate Overview
Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, baseload electricity generation. The Company is developing The Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field in Sonoma County, California, United States. Western GeoPower is also developing the South Meager Geothermal Project in British Columbia, Canada.

On behalf of Western GeoPower Corp.

Kenneth MacLeod, President & CEO




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