May 12, 2009 - Edmonton - The design of Canada’s first fully integrated gasification power facility is advancing with EPCOR Utilities Inc. (EPCOR) reaching an agreement with Siemens Energy Inc. (Siemens) to provide power generation technology for EPCOR’s Genesee Integrated Gasification Combined Cycle (IGCC) power facility.
This agreement is part of the continuing work being done in the EPCOR-led Front End Engineering and Design (FEED) project into the feasibility of an IGCC power plant that is designed to deliver improved air quality and capture carbon emissions for permanent storage.
“This selection marks our continued progress in finding technology solutions that can lead to low-emission power from coal,” said EPCOR Senior Vice President, Dr. David Lewin. “By selecting Siemens we will be able to have a seamless integration of the gasification and power plant technologies which will be invaluable in helping to determine the viability of the project.”
In August 2008 Siemens was selected to license its SFG-500 coal gasifier technology to the FEED project. If subsequent investment and construction decisions go as planned, a 270-megawatt (net) generating station using the new technology would be targeted to commence operations in 2015.
“As the key technology provider for this project, Siemens is looking forward to continuing to strengthen its collaboration with EPCOR on the Genesee IGCC Facility. IGCC power plants with carbon capture and storage make a significant contribution toward a more reliable and environmentally friendly coal-based energy supply, and Genesee will demonstrate that,” stated Randy Zwirn, president and CEO of Siemens Energy, Inc.
The Alberta Energy Research Institute, Natural Resources Canada and EPCOR have each contributed $11 million to the $33 million FEED project, which is located at EPCOR’s Genesee Generating Station, 70 kilometres southwest of Edmonton, Alberta. The FEED project is being conducted in conjunction with the Canadian Clean Power Coalition, which is chaired by Dr. David Lewin.
The FEED project is currently in its final phase, which is scheduled for completion later this year. Following completion of the technology design work and financing decisions, EPCOR will enter into an agreement with Siemens to supply the components for the gasification and power facilities.
EPCOR’s Genesee CCS IGCC project is also being evaluated to qualify for funding under the Province of Alberta’s $2 billion program for large-scale carbon capture and storage projects.
About EPCOR Utilities;
EPCOR’s wholly-owned subsidiaries build, own and operate power plants, electrical transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States. EPCOR, headquartered in Edmonton, Alberta, has been named one of Canada’s Top 100 employers for nine consecutive years, and was selected one of Canada’s 10 Most Earth-Friendly Employers in 2008. EPCOR’s website is http://www.epcor.ca/.
The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2008 (ended September 30), the Energy Sector had revenues of approximately EUR22.6 billion and received new orders totaling approximately EUR33.4 billion and posted a profit of EUR1.4 billion. On September 30, 2008, the Energy Sector had a work force of approximately 83,500. Further information is available at: www.siemens.com/energy.
Certain information in this News Release is forward-looking and related to anticipated financial performance, events and strategies. When used in this context, words such as “will”, “anticipate”, “believe”, “plan”, “intend”, “target”, and “expect” or similar words suggest future outcomes. By their nature, such statements are subject to significant risks, assumptions and uncertainties, which could cause EPCOR’s actual results and experience to be materially different than the anticipated results. Such risks, assumptions and uncertainties include, but are not limited to, operating performance, commodity prices and volumes, load settlement, regulatory and government decisions including changes to environmental and tax legislation, weather and economic conditions, competitive pressures, construction risks, availability and cost of financing, foreign exchange risks, availability of labour and management resources and the performance of partners, contractors and suppliers.
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EPCOR: Mike Long - Corporate Relations - 780-969-8246 - firstname.lastname@example.org
Siemens Energy: Monika Wood - Press Relations - 407-736-4197 - email@example.com