Last C$17.05 CAD
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Company Description

Contact Info

30 St. Clair Avenue West

12th Floor

Toronto, ON M4V 3A1

Canada

Phone: 416-962-6262

Fax: 416-962-6266

Northland Power Income Fund operates as an income trust in Canada. The company owns interests in six power-generating facilities, including three natural-gas-fired power plants and three wind farms. Northland Power Income Fund Management Inc. serves as the manager of the company. Facilities The company’s gas-fired plants produce electricity and steam. Two of these are wholly owned projects in Ontario: the Iroquois Falls cogeneration facility and the cogeneration plant in Kingston. Through its 19% equity ownership in Panda Energy Corp. (PEC) and loan to a PEC subsidiary, it has an interest in the Panda-Brandywine combined-cycle plant located outside Washington, D.C. The company owns the Mont Miller wind farm in the Gaspesie region of Quebec and two wind farms in Germany. Iroquois Falls Facility: The company’s 120-megawatt (MW) Iroquois Falls facility is developed by Northland Power Inc., a wholly owned subsidiary of the company. The facility is a combined-cycle cogeneration plant located approximately 650 kilometers north of Toronto. The Iroquois Falls facility generates electricity and sells it to Ontario Electricity Financial Corporation (OEFC). Steam produced at the plant is supplied to the neighbouring AbitibiBowater Inc. pulp and paper mill. Kingston Facility: The company’s 110 MW Kingston Facility is a combined-cycle cogeneration plant located near Lake Ontario, approximately 220 kilometers east of Toronto. Kingston LP has a long-term power purchase agreement with OEFC for the sale and delivery of a specified annual quantity of electricity. Mont Miller Wind Farm: The Mont Miller facility is a 54 MW wind farm located near the town of Murdochville, Quebec, in the Gaspesie region, approximately 80 kilometers west of Gaspe and 35 kilometers south of the St. Lawrence River. The farm’s 30 turbines cover an area of approximately 25 square kilometers. The Mont Miller facility generates electricity from 30 Vestas V80 wind turbines, each with a capacity of 1.8 MW. The power produced by the Mont Miller facility is sold to Hydro-Quebec. German Wind Farms: The company owns two operating wind farms in Germany with a total installed capacity of 21.5 MW. The 7.2 MW Kavelstorf wind farm comprises four Nordex N60 1.3 MW turbines and two Nordex N54 1.0 MW turbines. The Kavelstorf wind farm is located in northern Germany near Rostock. The 14.3 MW Eckolstadt wind farm includes 11 Bonus Energy A/S (a member of the Siemens AG group) turbines rated at 1.3 MW each. The Eckolstadt wind farm is located near Jena in central Germany. The electricity generated by the German wind farms is supplied to regional power utilities. Panda-Brandywine Facility: The company owns 230 MW Panda-Brandywine facility, located outside Washington, D.C. The facility produces electricity and steam using natural gas as the primary fuel and no. 2 fuel oil as a backup fuel. The facility has two GE industrial gas turbines with heat-recovery steam generators and a steam turbine. History Northland Power Income Fund was founded in 1997.

 

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