Genalta Power to Develop a 5.6 MW Clean Fuel to Electricity Project

CALGARY, July 12, 2013 /CNW/ - Genalta Power Inc. ("Genalta Power") announces the signing of a multi-year Power Purchase Agreement with Harvest Operations Corp. ("Harvest") to convert clean fuel into electricity.

This project is powered by a simple cycle turbine generator that will use onsite natural gas to generate electricity to mitigate operating costs for Harvest at their Bellshill production complex.

The project is forecast to be commissioned in the second quarter of 2014.  Electricity generated by the turbine will be sold to Harvest at a discount to posted power prices.  "We are very excited to add Harvest to our growing client base and enter into a long term arrangement to develop a clean fuel to electricity project for their Bellshill site" said Andrew Lis, Genalta Power VP of Business Development, "we look forward to a successful partnership."

This facility will be able to dispatch variably to capture only the most profitable electricity prices. This system was specifically designed for the Bellshill production complex to optimize the output and significantly reduce operating costs which will enhance its competitiveness.

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. 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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