Gas, New Projects

Ontario cans gas-fired power plant

The Ontario government said it no longer has a need for the proposed C$1.2 billion ($1.18 billion) Oakville natural gas-fired power plant near Toronto because the area now has adequate power supplies.

TransCanada agreed to build the 900 MW plant in 2009. The government said on October 7 that 8,000 MW of new supply and conservation efforts have made the plant unnecessary and new transmission lines could be built if necessary to meet future demand.

The Ontario Power Authority had signed a 20-year power purchase agreement to buy the output from the plant.

TransCanada issued a release saying Ontario Power Authority wants to discuss what payments the company is entitled to because of the cancellation.

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