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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.


TSX:MXG - Post by User

Maxim Power Corp
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Post by tinkvidon Jan 02, 2025 11:39am
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Post# 36384488

Maxim Power Corp T.MXG

Maxim Power Corp T.MXGDid a litle more digging on the asset MAXIM acquired In the third quarter of 2023,  the 400 MW Prairie Lights Power gas-fired power generation project located near Grande Prairie, Alberta for 
cash consideration of $1.0 million.

According to hammerhead Energy May 2023 filing, the Prairie Lights was valued at 9 million CDN$ 

Maxim Power Corp picked this asset up for $1.0 million and ALL permits to proceed with the project had been obtained.

https://aeic.gc.ca/050/evaluations/proj/80324

Question is are they selling this, JV or Proceeding with development. Hyperscalers are moving into Alberta and they will NEED Electricity, and lots of it.
 
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