Ranking for 2016: 35
Industry Sector: Energy
Specific Sector: Natural Gas
Range: $1 billion - $5 billion
Project Value: $1,400,000,000
Government Funds Involved:
Funding Source: Private
Location: West of Edmonton, Alberta
Estimated End Date of Substantial Completion: 2019
This proposed combined cycle natural gas-fired generation facility will be located on a brownfield site within the boundaries of Capital Power’s existing Genesee Generating Station. The project will utilize the latest high-efficiency turbine technology and will have a generation capacity of approximately 1,060 MW consisting of two 530-MW units. The facility consists of two one-on-one, single shaft power islands, each incorporating a 501 J-class natural gas turbine, steam turbine, generator, and heat recovery steam generator.
All major regulatory approvals have been granted from the Alberta Utilities Commission and Alberta Environment and Sustainable Resource Development (now Alberta Environment and Parks). Full notice to proceed is contingent on appropriate price signals from the energy-only market, clarification regarding the Alberta Climate Leadership Plan, and continuation of Alberta’s electricity market structure.
The project’s design configuration allows for construction to occur in two phases with staged completions. The commercial agreements include flexibility on the timing of the in-service date for the project to be timed to correspond to the need for new power generation in the Alberta market. Towards the end of the decade in 2020, nearly 1,000 megawatts of coal generation is scheduled to retire.