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Maxim Power Corp MXGFF


Primary Symbol: T.MXG

Maxim Power Corp. is an independent power producer. The Company is focused entirely on power projects in Alberta. Its core asset, the 300 megawatts (MW) H.R. Milner Plant, M2, in Grande Cache, AB, is a combined cycle gas-fired power plant. The Company continues to explore additional development options in Alberta, including its permitted gas-fired generation projects and the permitting of its wind power generation project. Its Milner 2 (M2) power plant is a 204 MW natural gas-fired turbine generator located at the HR Milner Generating Station site near Grande Cache, Alberta. Its HR Milner Generating Station (Milner 1 or M1), located near Grande Cache, Alberta, is a 150 MW dual fuel steam turbine generator capable of burning both natural gas and coal.


TSX:MXG - Post by User

Post by longrun86on Apr 23, 2024 2:34pm
85 Views
Post# 36003751

Prairie Lights Project

Prairie Lights ProjectFor those who dug a little deeper in the 2023 annual financial statements you would have seen the $1 million Maxim spent on the Prairie Lights project.

At a high level, this is a 400 mw project just outside of Grande Prairie. It will be interesting to hear from Maxim what the plan is with this project on the Q1 conference call. Do they have another project in them right now or is this just icing on the cake in case they decide to put up the "For Sale" sign later this year.

Maxim is certainly at a crossroads as to what its future could look like and it will be very important that they are clear with the very patient shareholders what this plan looks like and the capital required to do it. 

LR
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