Capital Power Corporation - The Whitla Wind Facility
The Whitla Wind Facility
Source: Capital Power
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Capital Power (CPX) has partnered with Mitsubishi Heavy Industries (MHI) and Kiewit Energy on a front-end engineering and design (FEED) study for the Genesee CCS Project
  • The FEED study establishes overall performance expectations for the project and creates fundamental engineering deliverables
  • The company expects the project to start capturing carbon as early as 2027
  • Capital Power is a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy
  • Capital Power Corp. (CPX) was up 1.72 per cent, trading at C$46.08 per share at 12:25 pm ET

Capital Power (CPX), Mitsubishi Heavy Industries (MHI) and Kiewit Energy have partnered on a front-end engineering and design (FEED) study.

This study for the Genesee CCS Project in Alberta will advance the commercial application of carbon capture and sequestration (CCS) technology. MHI Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense.

Steve Owens, SVP, Construction and Engineering of Capital Power commented on the news.

“We’re excited to collaborate with MHI Group and Kiewit to advance our Genesee CCS Project. This FEED study is a significant step forward in decarbonizing our Genesee Generating Station as we work to power a sustainable future for people and planet.”

Capital Power has selected MHI Group as the technology licensor for the FEED study to deploy their proven Advanced KM CDR Process as the basis for the carbon capture technology. Building on Capital Power’s pre-FEED work to develop the project, MHI Group has partnered with Kiewit to develop the next stage of engineering and design for the Project.

Kiewit is one of North America’s largest and most respected construction and engineering organizations.

The FEED study establishes overall performance expectations for the project and creates fundamental engineering deliverables. It also determines the preliminary design for integrating the project with the repowered units and produce a class 2 capital cost estimate. The company expects work to be completed by June 2023.

Black and Veatch will provide owner’s engineering oversight on behalf of Capital Power for the FEED study. The company expects the project to start capturing carbon as early as 2027.

Capital Power is a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy. 

Capital Power Corp. (CPX) was up 1.72 per cent, trading at C$46.08 per share at 12:25 pm ET.

More From The Market Herald
Innergex Renewables - President and CEO, Michel Letellier

" Innergex (TSX:IE) signs 30-year power purchase agreement

Innergex Renewable Energy (INE) has signed a 30-year, 320-megawatt power purchase agreement with PacifiCorp.

" Greenbriar (TSXV:GRB) Sage Ranch Project sees outside growth

Greenbriar Capital (GRB) receives the Kern County Board of Supervisors’ approval to welcome California’s first inland dry port east of its Sage Ranch

" Emera (TSX:EMA) reports Q2 2022 financial results

Emera (EMA) reported 2022 second quarter financial results.

" H2O Innovation (TSX:HEO) renews two contracts and wins new projects totalling $18.3M

H2O Innovation (HEO) has recently extended two Operation and Maintenance (O&M) contracts and has been awarded new projects in Texas.