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CANADIAN HYDRO DEVELOPERS COMPLETES SECOND POWER PROJECT

 CANADIAN HYDRO DEVELOPERS COMPLETES SECOND POWER PROJECT
 CALGARY, Alberta, Nov. 11 /PRNewswire/ -- Calgary-based Canadian Hydro Developers (Calgary: KHD), announced today that the company has commissioned its second private hydro project. The 2.8 Megawatt Waterton plant went onstream Nov. 9, and will operate year-round. It is expected to provide annual power revenues of $600,000. A funding contribution of $150,000 was provided for the Waterton project from the Alberta Heritage Savings Trust Fund administered by the office of Renewable Energy Technology of Alberta Energy.
 The company is also nearing completion of a third hydroelectric project at


the St. Mary Dam. This 2.3-Megawatt plant is scheduled to come onstream in December 1992. The St. Mary plant, which will also operate year-round, is forecast to provide annual power sales of $600,000.
 Canadian Hydro Developers today also released its nine-month results for the period ended Sept. 30. Revenues were down from the comparable period in 1991, largely because of the sale of a 50-percent interest in the Belly River plant.
 Nine months ended Sept. 30,
 1992 1991
 Revenue
 Oil & gas, net $544,495 $625,401
 Electric energy sales $283,543 $499,937
 Interest $22,513 $6,606
 Total $850,551 $1,131,944
 Earnings $151,091 $221,156
 per share $0.01 $0.02
 Cash flow $425,987 $564,521
 per share $0.04 $0.05
 Shares outstanding 12,148,362 11,488,362
 In addition, Canadian Hydro Developers' 3.0-Megawatt Belly River plant has completed its second year of operation. The plant, which produced power from April until mid-October, generated approximately $300,000 in revenues net to the company's 50-percent interest. All three projects have 20-year power contracts with Trans-Alta Utilities.
 Canadian Hydro Developers has also received its U.S. 12G Bluesky exemption to allow for easier access to the United States securities industry. The move was taken to broaden exposure of the company to U.S. investors.
 This information has been neither approved nor disapproved by the Alberta Stock Exchange.
 -0- 11/11/92
 /CONTACT: Jack McCleary or John Keating, Canadian Hydro Developers, 403-269-9379; or Grant Howard, STRATCOM Inc., 403-221-0915/
 (KHD. CHD-VF) CO: Canadian Hydro Developers Inc. ST: Alberta IN: SU:


EH -- LA015 -- 9731 11/11/92 12:22 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Nov 11, 1992
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