Capital Power's Genesee Project Marks Major Energy Milestone

Capital Power Completes Genesee Repowering Project

EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) is excited to announce the successful completion of its Genesee Repowering project as Genesee Unit 2 has officially entered commercial operations. This groundbreaking achievement not only positions Genesee units 1 and 2 as Canada's leading natural gas combined cycle facility but also transforms the landscape of energy production in the region.

Enhancing Energy Capacity and Reducing Emissions

The Genesee Repowering project has increased overall capacity at the Genesee Generating Station by an astounding 512 megawatts (MW). More importantly, it is expected to cut CO₂ emissions by 3.4 million tonnes annually, representing about a 40% reduction. This massive increase in capacity, approximately 60%, highlights a significant leap towards a more sustainable energy future.

Quotes from Leadership

Avik Dey, President and CEO of Capital Power, expressed his enthusiasm for the project's completion, emphasizing its importance in the context of North America's evolving energy markets. Dey stated, “Our Genesee Repowering project is immensely impactful for North American power generation, demonstrating there is a valuable life after coal for legacy facilities.” He articulated the urgency for innovation amid rising energy demands as older coal facilities are phased out.

Government Support

Honourable Nathan Neudorf, Minister of Affordability and Utilities for the Government of Alberta, commended Capital Power's efforts, stating, “This additional clean natural gas-powered generation is yet another big step towards ensuring Alberta’s electricity is affordable, reliable, and sustainable for generations to come.”

Project Overview and Construction Details

With an investment nearing $1.6 billion, the Genesee Repowering project began construction in the summer of 2021. It required over 5.8 million labor hours and peaked with around 1,250 workers on-site. The project involved installing two cutting-edge Mitsubishi M501JAC gas-fired combustion turbines alongside Vogt triple-pressure heat recovery steam generators, while effectively utilizing the existing steam turbine generators. Remarkably, by June 2024, the project had achieved fully natural gas-fueled operations, propelling Capital Power and Alberta ahead of coal five years prior to regulatory mandates.

Benefits for Alberta's Energy Infrastructure

Now capable of delivering 1,857 MW of reliable, affordable, and cleaner power, the Genesee Generating Station plays a crucial role in supporting Alberta's robust economy. This facility not only adds significant baseload energy generation but also supports grid reliability across the province. With the completion of this exciting project, Capital Power has decided to refer to the Genesee Generating Station as a single entity within its portfolio, adjusting the total number of facilities from 32 to 30.

Looking Ahead with Optimism

Capital Power continues to focus on innovation and sustainability, aiming to meet the growing energy demands of Alberta while ensuring environmental responsibility. As the energy sector evolves, the work done at the Genesee site positions Capital Power as a leader in clean energy developments.

Company Profile

About Capital Power: Capital Power (TSX: CPX) is a growth-oriented power producer boasting approximately 9,800 MW of power generation across 30 facilities in North America. The company is dedicated to providing safe and reliable power while constructing clean energy systems that address future energy needs. Capital Power is proud to be part of the energy transformation journey by Powering Change by Changing Power™.

Frequently Asked Questions

What is the Genesee Repowering project?

The Genesee Repowering project involved upgrading the Genesee Generating Station to become a leading natural gas combined cycle facility in Canada.

How much has the capacity increased?

The project has increased the total capacity of the Genesee Generating Station by 512 megawatts.

What are the environmental impacts of the project?

The project will reduce CO₂ emissions by 3.4 million tonnes annually, reflecting a significant move towards cleaner energy production.

Who is involved in the project?

Capital Power Corporation led the project with notable support from government officials and engineering partners, emphasizing collaboration in energy innovation.

What is the future of Capital Power following this project?

Following the completion of the Genesee Repowering project, Capital Power is committed to leading in sustainability and advancing clean energy initiatives across the region.

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