Good hydrological conditions have also helped to boost third quarter output from the hydroelectric plants owned by Canada's Boralex Power Income Fund, and contributed to a nudge up in earnings. Hydro power output increased by more than half to 118GWh in the three months to 30 September, which far outstripped the performance from the thermal parts of the portfolio. Over the nine months of the financial year the output is up almost 15% over last time. Earnings before interest, taxes, depreciation and amortisation (Ebitda) improved by two-thirds to almost Can$8M (US$7M) compared to Q3-'07. For the first nine months the earnings were almost 11% higher compared to last time.
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