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BRIEF-TransAlta And Semcams Midstream Announce Agreement To Construct And Own A New Cogeneration Plant In Alberta

Reuters logo Reuters 10/1/2019

Oct 1 (Reuters) - TransAlta Corp:

* TRANSALTA AND SEMCAMS MIDSTREAM ANNOUNCE AGREEMENT TO CONSTRUCT AND OWN A NEW COGENERATION PLANT IN ALBERTA

* TRANSALTA CORP - CAPITAL COST OF NEW COGENERATION FACILITY IS EXPECTED TO BE APPROXIMATELY $105 MILLION

* TRANSALTA - ENTERED INTO DEFINITIVE AGREEMENTS TO DEVELOP, CONSTRUCT, OPERATE NEW COGENERATION FACILITY AT KAYBOB SOUTH NO. 3 SOUR GAS PROCESSING PLANT

* TRANSALTA CORP - WILL CONSTRUCT COGENERATION PLANT WHICH WILL BE JOINTLY OWNED, OPERATED AND MAINTAINED WITH SEMCAMS

* TRANSALTA CORP - SEMCAMS WILL PURCHASE 50% INTEREST IN NEW COGENERATION FACILITY AS OF COMMERCIAL OPERATION DATE, WHICH IS TARGETED FOR LATE 2021 Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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