CALGARY, Sept. 29, 2014 /CNW/ - Genalta Power is proud to announce that the Cadotte Peace River Power Generating Facility has generated 8,208 tonnes of CO2e carbon offsets for the 2013 calendar year. The project, which converts solution gas into electricity, diverts approximately 680 Gigajoules (GJ) of unprocessed, sour gas away from flare each day. The facility was commissioned in 2012 and is owned and operated by Genalta Power.
The Cadotte facility is the first flare gas to power application to earn offset credits in Alberta. Under the provincial protocol for waste heat recovery, the 3MW facility is expected to reduce emissions by approximately 240,000 tonnes of CO2e over its lifetime. With 20MW of planned expansions in the region, Genalta Power anticipates the facility will generate even more offset credits in years to come.
"We are very proud to be the first flare gas to power application to earn Greenhouse Gas Offset Credits." said Drew Shaw, Genalta Power CEO. "By quantifying the offsets generated by Cadotte, we are not only realizing actual environmental benefits, but also increasing project revenues. We hope to duplicate this success in all other flare gas to power initiatives across Alberta".
About Genalta Power Inc.
Genalta Power is a privately held Canadian corporation in the business of developing, owning and operating independent power plants that produce and sell environmentally-friendly electricity from alternative energy sources. Genalta Power capitalizes on opportunities in the independent power market by actively developing dependable, cost-effective and environmentally responsible power generation facilities. Genalta Power pursues a mix of waste heat recovery, waste fuel gas, stranded gas, pre-pipeline gas and waste pressure projects. Genalta Power is developing projects in strategic regions of North America with an emphasis on the oil and gas industry. Visit www.genaltapower.com for more information.
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SOURCE: Genalta Power Inc.
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