Genalta Power to Build 12 MW Power Generating Facility
CALGARY, March 6, 2014 /CNW/ - Genalta Power Inc. ("Genalta Power") is pleased to announce that it has entered into an agreement with Baytex Energy Ltd. ("Baytex") for the construction of an electrical power generating facility located near Baytex's Peace River Field in northern Alberta. The facility will be an industry leading power plant designed specifically to reduce the amount of solution gas being flared in the area while providing a new source of low emissions electricity for approximately 14,000 Alberta homes.
Genalta Power will engineer, own, and operate this power generation facility, which is forecast to be commissioned in late 2014.
"The project has been designed to the specific site conditions and exact gas composition using a combination of technologies that will produce power to feed directly into the Alberta power grid, displacing coal-fired base load generation" said Graham Illingworth, Genalta Power's CEO. "In addition to making a positive impact on the environment, we will also have the opportunity to develop new, patentable technologies with numerous industry applications."
Genalta Power is a Canadian based, clean electricity generation company, leading the way in energy generation from waste heat, liquid pressure, gas pressure and solution, vented and surplus gas applications. The electricity generated from these applications is one of the most promising growth industries in the clean energy sector. For more information on Genalta Power please visit www.genaltapower.com.
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