Capital Power Buys Into $1.4B Enmax Power Project

Law360, New York (December 6, 2012, 7:02 PM EST) -- Capital Power Corp. has purchased a 50 percent stake in the biggest natural gas-fired power project in western Canada, the CA$1.4 billion (US$1.41 billion) Shepard Energy Centre that provincial utility Enmax Corp. is developing in Alberta, the companies announced on Thursday.

The parties will build, own and operate the Shepard Energy Centre, which is being built in Calgary, Alberta, under a 50-50 joint venture agreement. Edmonton, Alberta-based energy developer Capital Power will end up investing $860 million in the project once its interest in construction —...
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