Genalta Power to Build 4 MW Power Generating Facility to take gas from Shell's Peace River oil sands operations

CALGARY, Feb. 19, 2013 /CNW/ - Genalta Power Inc. announces an agreement with Shell Canada to build a power generating facility that will use the gas that is associated with Shell's Peace River bitumen cold production. Shell is constructing a pipeline to transport the gas from pads on the west side of its Cliffdale development (located on a portion of its Peace River oil sands leases) to the Genalta facility.

The project will combust the produced gas in turbines to generate electricity and will be capable of generating up to 4 MW (megawatts) of power -- which is enough to meet the needs of more than 4,800 residential homes in Alberta. The resulting electricity will be sold on the power grid over the life of the 10-year agreement.

"Genalta is excited to be working together with Shell to create a produced-gas-to-power project," said Graham Illingworth, Genalta Power's CEO. "The cost of power is on the rise and the opportunity for Genalta and Shell to create environmentally friendly power using produced gas is mutually beneficial."

"Over the last couple of years Shell has implemented a number of initiatives to reduce the emissions from both our thermal and cold bitumen production activities," says Peace River Operations Manager, Bob Blachford. "This latest project will allow a portion of our Cliffdale gas to be used for a regional benefit, and is consistent with our goal of not flaring as part of routine operations.

Genalta Power will design, construct, own and operate this power generation facility. It is forecasted to be completely operational within the first quarter of 2013.

Shell Canada owns and operates two bitumen production facilities on its Peace River oil sands leases: the Cliffdale Battery, which uses cold or primary recovery methods, and the Peace River Complex which uses thermal or enhanced oil recovery techniques to extract bitumen from underground.

About Genalta Power

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 waste and clean energy sources. Genalta capitalizes on opportunities in the independent power market by actively pursuing the development of dependable, cost-effective and environmentally responsible power generation facilities. Genalta pursues a mix of waste heat recovery, waste fuel gas, waste pressure and gas to power projects. Genalta is developing projects in strategic regions of North America with an emphasis on the oil and gas industry. Visit for more information.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release may constitute "forward-looking information" or "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this news release, such information uses such words as "estimates", "expects", "plans", "anticipates" and other similar terminology. This information reflects the company's current expectations regarding future events, including the development, construction and operation of greenhouse gas based projects and speaks only as of the date of this news release. Forward-looking information involves significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information in this news release is based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with this forward-looking information. This forward-looking information is provided as of the date of this news release, and, subject to applicable securities laws, the company assumes no obligation to update or revise such information to reflect new events or circumstances.

SOURCE: Genalta Power Inc.

For further information:

Genalta Power Inc.
Drew Shaw
Vice President, Finance
Telephone: (403) 237-9740

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Genalta Power Inc.

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