CALGARY, June 22 /CNW/ - Ivanhoe Cambridge and ENMAX Corporation announced today an agreement to supply green power to six of Ivanhoe Cambridge's Alberta shopping centres and two professional offices. Under the agreement, one quarter of the properties' electricity needs will be supplied from wind-generated electricity. The agreement represents the largest wind power purchase in the North American shopping centre industry.

ENMAX Energy, a wholly owned subsidiary of ENMAX, will provide the green power through its Greenmax program. The green power will be supplied from wind farms in southern Alberta including McBride Lake, Canada's largest wind farm of which ENMAX owns 50 per cent.

"We're pleased to supply these facilities with Alberta wind power," said Sean Durfy, president and chief operating officer of ENMAX Energy Corporation. "This reinforces our commitment to renewable power and shows that all types of industry are showing leadership in purchasing green power."

The five-year contract means six Ivanhoe Cambridge shopping malls and two professional offices will purchase 25 per cent of their total electricity supply from Greenmax. The power, amounting to 23,700 megawatt hours annually is equivalent to reducing 23,700 tonnes of carbon dioxide (CO(2)) emissions or not driving a car for more than 100 million kilometres. This is the same amount of CO(2) reduced by more than 2.5 million fully-grown trees per year.

"We are extremely proud to lead our industry by purchasing 25 per cent of our electricity needs from renewable power," said Kim McInnes, executive vice president and chief operating officer, Ivanhoe Cambridge. "Our decision to enter into this innovative partnership reflects both our commitment to environmental responsibility and to the future of the communities we serve."

The participating Ivanhoe Cambridge properties are St. Albert Centre (St. Albert), Southgate Centre and Mill Woods Town Centre (Edmonton) and Southcentre Mall, Sunridge Mall and Deerfoot Outlet Mall (Calgary). The Southcentre Executive Tower and Mill Woods Town Centre Professional Offices also form part of this initiative.

ENMAX Energy's Greenmax program is one of the largest green power marketing programs in North America. ENMAX was the first Canadian utility to give customers the option to support the development of wind-generated power in 1998. Today, the program has more than 10,000 residential customers and about 200 commercial customers.

ENMAX Corporation, a wholly owned subsidiary of The City of Calgary, provides electricity, natural gas and value-added services to about 420,000 residential, commercial and industrial customers in Alberta through its subsidiary companies. For more information, please visit our website at enmax.com.

One of Canada's leading property owners, managers, developers and investors, Ivanhoe Cambridge, headquartered in Montreal, Quebec, focuses on high quality shopping centres located in urban areas. Its real estate portfolio of more than 39 million square feet of retail space consists mainly of 50 regional and super-regional shopping centres. As at December 31, 2003, the fair market value of Ivanhoe Cambridge's assets was over $6.8 billion.

Ivanhoe Cambridge is a member of CDP Capital, the asset manager for the Caisse de depot et placement du Quebec (CDP). Amongst its shareholders, the Company also counts four Canadian pension funds. The Company's Internet address is www.ivanhoecambridge.com

(403) 862-7061 (cellular); Ivanhoe Cambridge: Lisa Rushka, (403) 531-0331, (403) 816-1038 (cellular); Ivanhoe Cambridge (Montreal): Helene-L. Brault, (514) 841-7791, Hlbrault(at)ivanhoecambridge.com/ ST: AlbertaSU: