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Capital Expenditures
Capital expenditures in 2007 were $17.2 million (2006 – $10.1 million) compared with an expected $20.5 million. The difference was due to delays in construction of the Alameda, Estlin and Loreburn waste heat facilities. Commissioning of the Loreburn and Estlin facilities was completed in the fourth quarter of 2007. Green Power anticipates capital expenditures of approximately $5.3 million in 2008 focused primarily on the completion of the three new waste heat facilities.