Contract Finalized to Relocate TransCanada Power Plant to Napanee
TORONTO, Dec. 17, 2012 /CNW/ - The Ontario Power Authority (OPA) and
TransCanada Energy Ltd (TCE) have finalized a Clean Energy Supply Contract for
a new 900 megawatt gas-fired power plant, which will be located on the site of
Ontario Power Generation's (OPG) Lennox Generating Station near Napanee.
The terms of the contract are consistent with the terms in the Memorandum of
Understanding (MOU) the OPA and TCE signed on September 24, 2012. The MOU set
a deadline of December 14 for finalizing the contract. The complete contract
is available on the OPA's website.
TransCanada also finalized agreements with OPG to acquire land at the Lennox
site based on an independent market appraisal, as set out in the MOU between
TCE and OPG.
The location of the plant takes advantage of existing transmission and gas
infrastructure as well as the expertise of local workers. Construction of the
plant is expected to provide 600 construction and 25 permanent jobs.
Kristin Jenkins 416-969-6007 Media@powerauthority.on.ca
SOURCE: Ontario Power Authority
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CO: Ontario Power Authority
NI: OIL ORDER REL
-0- Dec/17/2012 13:11 GMT
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