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Genalta Power enters agreement with Shell to generate an additional 5MW from Peace River Solution Gas



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.

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.

For more information :

Organization:
Genalta Power
http://www.genaltapower.com/

Contact person:
Craig Parsons, VP, Corporate Development
Genalta Power Inc.
Tel: 403.237.9740 ext. 227
E-mail: cparsons@genaltapower.com

Contact person:
Indra Maharaj, General Counsel
Genalta Power Inc.
Tel: 403.237.9740 ext. 240
E-mail: imaharaj@genaltapower.com


Link http://www.electricenergyonline.com/detail_news.php?ID=481457
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