03:46 PM EST - Fortress Paper Ltd. : announced today that it has signed, through its wholly-owned subsidiary, Fortress Global Cellulose Ltd., an electricity supply agreement with Hydro Quebec for the sale of green electricity to be produced at the Fortress Global Cellulose Mill's cogeneration facility upon its re-start. The agreement was entered into in connection with Hydro-Quebec Distribution's Power Purchase Program for electricity derived from forest biomass, which was launched on December 20, 2011. Under the terms of the agreement, Fortress Global will provide up to 34 megawatts of green power to Hydro Quebec commencing no later than June 1, 2014, at a price of $106 per megawatt hour, indexed to the consumer price index over a 25-year term. Fortress Paper Ltd.
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