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Capital Power partners on post-combustion Carbon Capture and Storage project at Keephills 3
Capital Power partners on post-combustion Carbon Capture and Storage project at Keephills 3
About this update from Capital Power Corporation
[{"type":"text","content":"\n\n\n\nOct. 14, 2009 (Canada NewsWire Group) -- EDMONTON, Oct. 14 /CNW/ -- Capital Power Corporation (TSX: CPX) is partnering with TransAlta and Alstom Canada (Alstom) to develop what will be one of the world's largest Carbon Capture and Storage (CCS) projects, Project Pioneer (Pioneer).A Letter of Intent has been signed with the Province of Alberta, under which Pioneer will be eligible to receive funding from the province's $2 billion CCS fund. The Government of Canada is also contributing toward the project through its Clean Energy Fund.Pioneer entails the development of a CCS facility at the Keephills 3 power plant, currently under construction west of Edmonton. Keephills 3 is a joint venture of Capital Power and TransAlta. Using Alstom's Chilled Ammonia Process, Pioneer will be designed to capture one million tonnes of greenhouse gas emissions annually.\"Capital Power and TransAlta partnered to develop Canada's most advanced coal-fired power plants, Genesee 3 and Keephills 3, with greenhouse gas emissions 18% lower than vintage facilities,\" said Brian Vaasjo, President and CEO of Capital Power. \"Project Pioneer will build on this record by delivering a further 31% reduction in CO(2) emissions from Keephills 3, helping meet provincial and federal greenhouse gas reduction targets.\"The second phase of Front End Engineering and Design (FEED) for Pioneer is scheduled to be complete by June 2010, and will include detailed engineering and procurement planning. The development of Pioneer will not affect the construction schedule for Keephills 3, which is expected to enter commercial operation in early 2011.In addition to Project Pioneer, Capital Power is completing FEED work on a pre-combustion CCS project, the Genesee Integrated Gasification Combined Cycle (IGCC) power facility. The FEED project is being conducted in conjunction with the Canadian Clean Power Coalition, in partnership with the Alberta Energy Research Institute and Natural Resources Canada.\"Our work to date has demonstrated that gasification technology has a promising future as a near-zero emission source of baseload power generation, but it is not economic in today's power price environment,\" said Capital Power Senior Vice President, Dr. David Lewin. \"Although Capital Power will not be pursuing the development of an IGCC facility at this time, and the IGCC pr...