TORONTO, ONTARIO--(Marketwired - June 5, 2013) - Northland Power Inc. ("Northland") (TSX:NPI)(TSX:NPI.DB.A)(TSX:NPI.PR.A)(TSX:NPI.PR.C) announced that its wholly-owned 260 megawatt (MW) North Battleford natural gas facility achieved commercial operations today, June 5th, 2013 at 00:00, after completing all required tests. The facility, located in west central Saskatchewan, will provide baseload and intermediate power to the Saskatchewan power grid under a 20-year Power Purchase Agreement (PPA) with Saskatchewan Power Corporation ("SaskPower"). The PPA was awarded to Northland following a competitive bid process initiated in 2008.
The project entered construction in June 2010, and was built under an engineer, procure and construct contract by Kansas City based Kiewit Power Partners. The facility consists of a 170 megawatt General Electric gas turbine operating in "combined cycle" with a heat recovery steam generator (large boiler) and steam turbine. The boiler produces steam for use in the steam turbine, generating additional electricity, for a total capacity of 260 megawatts. Natural-gas-fired turbines are considered the cleanest form of reliable thermal generation, and their use in combined cycle mode further increases the efficiency of the facility, while limiting environmental impacts.
David Dougall, Northland's VP of Operations noted that, "The opening of our second facility in Saskatchewan represents an important milestone for Northland. With North Battleford in operation, we are now generating over 340 MW of power in Saskatchewan, and net 1,265 MW across all of our operating facilities."
Northland continues to expand its operations and has cash flows diversified over five geographically separate regions and regulatory jurisdictions.
"We are delighted to help meet Saskatchewan's long-term energy needs, and look forward to a long-lasting partnership with SaskPower," said John Brace, CEO of Northland. "On behalf of everyone at Northland, I would like to thank the community of North Battleford, SaskPower, and all levels of government in Saskatchewan for their role in making this project a success. I would also like to thank Kiewit and the Northland team, and acknowledge their dedication and hard work, which allowed us to complete the project on schedule and on budget."
Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland produces 'clean' (natural gas) and 'green' (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders, and host communities. The company owns or has a net economic interest in 1,265 MW of operating generating capacity, with an additional 120 MW of generating capacity currently in construction, and another 220 MW of wind, solar and run-of-river hydro projects with awarded power contracts. Northland's cash flows are diversified over five geographically separate regions and regulatory jurisdictions in Canada, Germany and the United States.
Northland Power's common shares, Series 1 and Series 3 preferred shares and convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C and NPI.DB.A, respectively.