Joffre Cogeneration is a 480 MW natural gas-fired combined-cycle generation facility located at Nova Chemical Corporation’s petrochemical complex near Red Deer, Alberta. Commissioned in 2001, the facility operates as a merchant plant delivering power to the Alberta Electric System Operator and power, water and steam to the host NOVA Chemicals petrochemical production site. Joffre Cogeneration is owned by a joint venture that includes Capital Power, Heartland Generation Ltd.** and NOVA Chemicals, with respective interests of 40%, 40% and 20%.
*480 MW Facility – Jointly-owned with Heartland Generation Ltd. and Nova Chemicals Corporation **ATCO Power Canada Ltd was acquired by Heartland Generation Ltd. on Sept. 30, 2019
- Joffre Cogeneration is one of the largest facilities of its kind in Canada
- Facility provides Capital Power with a significant position as a mid-merit participant in the Alberta market
Funding Disciplined Growth to Build Shareholder Value
At a high level, our capital allocation strategy allows us to fund growth by taking 50% of our free cash flow over the long-term and provide that back to investors in the form of dividends, while u...
Capital Power announces $275 million medium term note offering
EDMONTON, Alberta – Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes in the aggregate principal am...
Capital Power to host annual Investor Day event
EDMONTON, Alberta – Capital Power (TSX: CPX) will be hosting its 11th annual Investor Day event in Toronto. Members of the executive leadership team will present on various topics including the exe...