Statement from Ontario Minister of Energy
Today, Chris Bentley, Minister of Energy, issued the following statement on the Greenfield South Power natural gas plant:
"Last year, after listening to the community's concerns, our government made a commitment to residents in Mississauga and Etobicoke to relocate the Greenfield South Power natural gas plant. The commitment was supported by both opposition parties.
Today, I am pleased to announce that the Ontario Power Authority (OPA) has reached an agreement with Greenfield to relocate the plant. The government has accepted the OPA's recommendation to relocate the 300 megawatt natural gas plant on part of Ontario Power Generation's Lambton Generating Station site.
The new site will take advantage of existing transmission and other infrastructure, as well as the expertise of local workers. The construction of the plant is expected to provide up to 200 jobs over the next two years.
I would like to thank the OPA and Greenfield Power for the work they have done over the past several months to reach this agreement.
The total cost of relocation is approximately $180 million. This includes a settlement agreement with EIG, the financier of the Greenfield South Power project, on behalf of Greenfield, the OPA and the Province. The settlement is necessary in order to relocate the plant and resolves all outstanding legal proceedings. The total relocation cost also includes all payments made in relation to the original site, including construction costs, design costs, and permitting costs.
Today's announcement helps support Ontario's plan to modernize the Province's electricity infrastructure, clean up the air we breathe and end the use of coal by 2014."