Maxim Power Building Plant in Germany
CALGARY -- - Maxim Power Corp. has struck a deal to build an alternative energy biogas power plant in Germany.
The plant is expected to cost $20 million and will be capable of processing 100,000 tonnes of agricultural wastes a year, the Calgary company announced. Construction is slated to begin later this year and the power produced will be sold to a local German utility under the country's renewable energy laws.
"Europe continues to offer Maxim numerous attractive project development and acquisition opportunities in cogeneration and renewable energy," John Bobenic, Maxim's president and chief executive, said in a release.
Based in Calgary, Maxim currently owns and operates 59 megawatts of generating capacity in Canada, Europe and Asia and has more than 100 megawatts of electricity generation under evaluation and development.
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Competition in Electricity Has Been Good for Consumers and Good for the Environment
WASHINGTON - By Bernard L. Weinstein
Electricity used to be boring. Public utilities that provided power to homes and businesses were regulated monopolies and, by law, guaranteed a fixed rate-of-return on their generation, transmission, and distribution assets. Prices per kilowatt-hour were set by utility commissions after lengthy testimony from power companies, wanting higher rates, and consumer groups, wanting lower rates.
About 25 years ago, the electricity landscape started to change as economists and others argued that competition could lead to lower prices and stronger grid reliability. Opponents of competition argued that consumers weren’t knowledgeable enough about power markets to make intelligent choices…
