The proposed Genesee 4 & 5 combined cycle natural gas-fuelled generation facility is a joint venture project between Capital Power and ENMAX Corporation (ENMAX). The project has received all regulatory approvals required from the Alberta Utilities Commission and Alberta Environment and Sustainable Resource Development. The project will have a nominal generation capacity of 1,060 megawatts (MW).
The Project is being developed to meet anticipated increases in Alberta's power requirements arising from both continued economic growth in the province and from the expected retirement of some existing coal generating units in Alberta in the 2020 timeframe.The commercial agreements include flexibility on the timing of the in-service date for the project to be timed to correspond to the need for new power generation in the Alberta market.
On July 18, 2014, Capital Power and ENMAX executed joint venture agreements under which each party will be a 50% owner in the project. Capital Power will lead the development and construction of the project and subsequently be the operator. The agreements include an eight year tolling arrangement under which ENMAX will purchase 50 per cent of Capital Power's share of the output for eight years.
Genesee 4 & 5 will be situated 50 kilometres west of Edmonton within the County of Leduc. The facility will be constructed directly adjacent to the Genesee Generating Station, a coal-fired plant which is owned by Capital Power.
For more information, please visit Capital Power's project website
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