Maxim Power Corp. Announces Milner 2 CCGT Project EPC
MAXIM" or the " Corporation") (TSX: MXG) announced today that it is proceeding with the Corporation's project to expand M2 into a combined cycle gas turbine ( “CCGT”) facility through the installation of heat recovery technology. The CCGT expansion project is anticipated to increase total generation capacity from 204 MW to approximately 300 MW and improve operational efficiency resulting in lower operating and maintenance costs per MWh. The current estimated cost of the CCGT expansion project is $125 million before financing costs. MAXIM anticipates the expansion will commence commercial ...