May 9, 2014
Genalta Power Inc. is pleased to announce that it will be increasing the capacity of its Peace River Generation Facilities after entering into an agreement with Shell Canada. The additional capacity will be utilizing produced gas that is associated with Shell's Peace River bitumen (Cliffdale) cold production as source fuel to generate approximately 5MW of electricity.
This is Genalta Power's second produced gas to power arrangement with Shell. The first, signed in 2012, allows Genalta Power to generate 4MW of electricity from Shell's produced gas. Together, these two facilities will generate enough clean electricity to power the equivalent of over 10,000 homes in Alberta.
Genalta Power will engineer, own, and operate this expansion of the Peace River generation facility and expects it to be in operation in the first quarter of 2015.
"This project will build on Genalta Power's strategy to create an opportunity for producers in the Peace River Area to generate electricity with their produced gas" said Drew Shaw, Genalta Power's CEO. "Genalta Power is proud to be a solution provider for Shell and their operations in the Peace River Region".
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.
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