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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.


TSX:MXG - Post by User

Bullboard Posts
Post by deepthinkon Aug 14, 2007 8:16pm
279 Views
Post# 13245551

Maxim submission to EUB

Maxim submission to EUBMaxim submitted a very impressive application to EUB for its mine at Grand Cache. The application is over 1100 pages. They are exempt from further EA, which is good. The planned volume of coal appears to support a plant roughly the size of the current Milner, although it is not clear whether they would wish to increase the volume of extraction to supply a larger plant. If so, the mine appears not to be large enough to sustain a larger plant for its natural life (eg 30 years or so). However, Milner will need to be rebuilt at some point. The planned development will allow for the lowest cost of coal, since the coal will be very close to Milner. Given the location and need for new electricity generation in the NW of the province, this is a very attractive prospect. It also becomes clear now why Maxim has not been so active in acquisitions. Maxim is concentrating on developing the high value properties already available.
Bullboard Posts