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/C O R R E C T I O N from Source -- Ontario Power Authority - Replacement Power Supply for Southwest GTA - Media Contact Line Correction/
/C O R R E C T I O N from Source -- Ontario Power Authority - Replacement Power Supply for Southw...
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[{"type":"text","content":"\n\n\n\nSep. 30, 2009 (Canada NewsWire Group) -- TORONTO, Sept. 30 /CNW/ -- The Ontario Power Authority announced today it will sign a contract with TransCanada Corporation to design, build and operate a 900 megawatt (MW) electricity generating station in Oakville to provide a new, cleaner source of electricity for the growing southwest Greater Toronto Area. This new natural gas power plant will maintain local supply reliability and replace the coal-fired Lakeview generating station, helping Ontario become the first jurisdiction in the world to eliminate dirty coal from its electricity generation mix.The new power plant will operate during peak periods and be up and running by Dec. 31, 2013. Emission standards for the new plant are 70 percent stricter than what is currently required by the Ontario Ministry of the Environment. TransCanada will meet or exceed these standards, through the use of gas turbines that are among the most efficient available.In addition to the stricter emission standards, the government of Ontario today announced a clean air plan for the southwest GTA in response to community concerns about air quality. As well, Ontario's Chief Medical Officer of Health, after a review requested by Peel Public Health, has concluded that there is no evidence there will be negative impacts on the health of southwest GTA residents with the addition of a natural gas-fired power generation facility in the region.TransCanada estimates the capital cost of the plant at $1.2 billion - all of which will be financed privately, at no risk to Ontario consumers. It will create approximately 600 construction jobs over about 28 months. There will also be significant local spending on goods and services including supplies during construction and throughout the 20-year operation of the project as well as food and lodging. Municipal taxes are estimated to exceed $1 million annually. About 25 permanent jobs will be created to operate and maintain the facility.\"This new plant will meet local needs for a reliable supply of electricity, strengthen Ontario's overall system, while performing far above Ontario's stringent air emission standards,\" said Colin Andersen, chief executive officer of the Ontario Power Authority. \"The selection process was fair and objective. TransCanada provides the best value and has the experience, expertise and cap...