TORONTO, Dec. 17, 2012 /CNW/ - The Ontario Power Authority (OPA) and
TransCanada Energy Ltd (TCE) have finalized a Clean Energy Supply
Contract for a new 900 megawatt gas-fired power plant, which will be
located on the site of Ontario Power Generation's (OPG) Lennox
Generating Station near Napanee.
The terms of the contract are consistent with the terms in the Memorandum of Understanding (MOU) the OPA and TCE signed on September 24, 2012. The MOU set a deadline of
December 14 for finalizing the contract. The complete contract is
available on the OPA's website.
TransCanada also finalized agreements with OPG to acquire land at the
Lennox site based on an independent market appraisal, as set out in the
MOU between TCE and OPG.
The location of the plant takes advantage of existing transmission and
gas infrastructure as well as the expertise of local workers.
Construction of the plant is expected to provide 600 construction and
25 permanent jobs.
SOURCE: Ontario Power Authority
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