$180 million to relocate the contentious Greenfield South Power natural gas plant
By Anthony Capkun
July 10, 2012 – Today, Chris Bentley, Ontario’s minister of energy, announced the contentious Greenfield South Power natural gas plant will be relocated to Ontario Power Generation’s (OPG) Lambton Generating Station site at a cost of about $180 million.
“The new site will take advantage of existing transmission and other infrastructure, as well as the expertise of local workers. The construction of the plant is expected to provide up to 200 jobs over the next two years,” said Bentley in a statement from his ministry.
The $180 million includes a settlement agreement with EIG, the financier of the Greenfield South Power project, on behalf of Greenfield, Ontario Power Authority (OPA) and the province.
“The settlement is necessary to relocate the plant and resolves all outstanding legal proceedings,” added Bentley. “The total relocation cost also includes all payments made in relation to the original site, including construction, design and permitting costs.”
Photo courtesy OPG.