26 March, 2002 – BOISE, Idaho Balaton Power Inc. on Wednesday announced that, through its subsidiary, Balaton Power USA Inc., it has acquired title to hydropower sites in the state of Washington totaling approximately 70 MW of power production capacity.
Rod Smith, Balaton’s President and CEO, states “This is a significant leap forward for the Company. Our business plan projects inventory of 50 Megawatts by end of Year 1, so we are now 140% ahead of our growth schedule. We intend to continue our aggressive asset acquisition program and feel extremely positive about our dynamic future growth potential”.
Balaton Power Inc. is in the business of providing low impact, run-of- river hydroelectric power production systems which incorporate a unique, patent-pending, fish protective water inlet system called the “Pisces” which is also adaptable to the irrigation and industrial cooling water intake market sectors.