Maxim Power Corp T.MXG

Alternate Symbol(s): MXGFF

Utilities Utilities - Independent Power Producers

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.

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Maxim Power Corp > Recent Combined Cycle Power Plant Purchase

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Comment by longrun86on Oct 28, 2023 1:01am

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Post# 35705397

RE:RE:RE:Recent Combined Cycle Power Plant Purchase

I took a look at the press release.

Fredrickson has been in operation since 2002. It sits on a 7 acre site. Capital Power already was an owner in this facility and they refer to it as a "mid-life" asset.

It comes with some contracts out to 2030 but seems more like a peak demand and reserve source of power than a consistent producer.

Its definitely a data point for consideration but I suspect Milner is worth more. How much more is the million dollar question!

LR

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