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 www.genaltapower.com for more information.
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SOURCE: Genalta Power Inc.
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