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TransCanada Oakville Power Plant will deliver GTA peak-load electricity as a gas-fired peaking facility near the QEW and Ford plant, meeting strict emissions standards, supporting Ontario's coal phase-out, and creating jobs via a $1.2B investment.
The Main Points
A $1.2B gas-fired peaking station in Oakville to bolster GTA reliability, cut emissions, and aid Ontario's coal phase-out.
- Selected by Ontario Power Authority for design, build, operate
- Gas-fired peaking plant serving GTA high-demand periods
- Operational target: end of 2013 to support coal shutdowns
- $1.2B investment; 600 construction and 25 permanent jobs
Despite months of protesting, residents of south Oakville found out this morning there will be a massive 900-megawatt natural gas plant built in their back yard.
The Ontario Power Authority announced that TransCanada Corp. has been selected to design, build and operate the Oakville station electricity generating project, which the McGuinty government says it needs to supply the growing power needs of the GTA.
The site, located next to the Ford Motor Co. manufacturing plant at the corner of Ford Dr. and the QEW, was one of four potential sites being considered. The other three, all located in the neighbouring Mississauga community of Clarkson, had sparked similar local protests from residents, politicians and health officials in the area.
The power authority expects the plant – a "peaking" plant that will run primarily when electricity demand is high – to be operational by the end of 2013, in time to support the government's schedule of shutting down all coal-fired power plants in the province.
"This new plant will meet the local needs for a reliable supply of electricity, strengthen Ontario's overall system, while performing far above Ontario's stringent air emission standards," said Colin Andersen, chief executive of the power authority.
TransCanada says it will invest $1.2 billion in the project through its TransCanada Energy subsidiary, which is expected to create 600 construction jobs over 28 months and 25 permanent jobs. Oakville stands to collect $1 million annually in municipal taxes from the facility.
The McGuinty government also announced a plan to reduce industrial emissions in the southwest GTA, where facilities like the Halton Hills Generating Station are located and operate, including an investment of $30 million toward industrial efficiency measures and a commitment to develop more renewable-energy projects in the area.
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