CK Infrastructure's Canadian Power Extends Power Purchase Contracts [Yahoo! Finance]
POWER ASSETS HLDGS S/ADR (HGKGY)
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Source: Yahoo! Finance
it has reached an agreement with SaskPower and Cenovus, which will allow for the Meridian Cogeneration Plant ("Meridian") in Lloydminster, Saskatchewan to continue to supply electricity to SaskPower and thermal energy to Cenovus, for up to another 25 years, through 2049. The Meridian Cogeneration Plant has been a key contributor to the success of Canadian Power, a power investor and operator which holds a portfolio comprising (i) stakes in five electricity generation plants, locations of which are in Ontario Alberta and Saskatchewan ; as well as (ii) Okanagan Wind in British Columbia The Meridian Cogeneration Plant has been in service since 1999. With strategic on-going maintenance investments, Meridian is expected to operate very efficiently through the life of the new contracts. For its electricity off-taker, SaskPower, Meridian is expected to provide low cost, reliable electricity as the Saskatchewan electrical grid moves toward lower carbon generating solutions. For Cenovus, M
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