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Capital Power purchases fifty percent interest in the Shepard Energy Centre
CALGARY AND EDMONTON, AB, Dec. 6, 2012 /CNW/ - ENMAX Corporation and Capital Power are plea...
About this update from Capital Power Corporation
[{"type":"text","content":"\n\n\n\n\n\nCALGARY AND EDMONTON, AB, Dec. 6, 2012 /CNW/ - ENMAX Corporation and\n Capital Power are pleased to announce today that Capital Power has\n signed an agreement to purchase a fifty percent interest in the 800MW\n natural-gas-fueled Shepard Energy Centre, located on the eastern limits\n of the City of Calgary. The parties will build, own, and operate the\n Shepard Energy Centre under a joint venture agreement.\n\n\nThe Shepard Energy Centre project is a significant advancement in moving\n Alberta toward lower-emitting, highly reliable, more efficient natural\n gas-fueled electricity generation, made possible because of the\n abundance of clean-burning natural gas. The Shepard Energy Centre will\n produce less than half the carbon dioxide per MWh than a conventional\n coal plant.  It will also emit less other emissions such as carbon\n monoxide, sulphur dioxide, and nitrogen dioxide.\n\n\nConstruction commenced on the Shepard Energy Centre in July 2011. The\n project is on budget and on schedule for completion in the first\n quarter of 2015.\n\n\nThe Shepard Energy Centre will provide a reliable, competitively priced\n supply of power for Alberta consumers. It will be the largest\n natural-gas-fueled power facility in western Canada. The budget for the\n project is approximately $1.4 billion. Capital Power is investing\n approximately $860 million into the project once interest during\n construction is included.\n\n\n\"ENMAX is proud of the excellent progress we've made in constructing the\n Shepard Energy Centre on schedule and on budget,\" said ENMAX  President\n and CEO, Gianna Manes.   \"We are pleased to welcome Capital Power to\n the project, and look forward to working together on this important\n investment in Alberta.  By holding a joint venture position in one of\n the largest investments in Alberta's electricity future, ENMAX will\n remain well positioned for strategic growth and securing a diversified\n portfolio of future supply for our customers.\"\n\n\n\"We are pleased to work with ENMAX on the Shepard facility,\" said\n Capital Power President and CEO, Brian Vaasjo. \"This project provides\n Capital Power with an exceptional opportunity for a partially\n contracted investment in Canada's fastest-growing market. It i...