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Capital Power accelerating plans towards a low carbon future


term value
Capital Power is proceeding with its plans to repower Genesee units 1 and 2 located in Alberta. A summary of the project:
Expected capital cost of $997 million with project returns expected to exceed the Company’s hurdle rates and contributing approximately $0.70 in annual adjusted funds from operation (AFFO) per share on average in the first five full years,
Provides additional 560 megawatts of net capacity totalling 1,360 MW,
Simple cycle units will be completed first, allowing the units to run in simple cycle mode before the expected completion of the repowering of unit 1 in 2023 and unit 2 in 2024, avoiding any downtime,
Utilizing best-in-class natural gas combined cycle technology from Mitsubishi, ....

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