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Bullboard - Stock Discussion Forum 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... see more

TSX:MXG - Post Discussion

Maxim Power Corp > Recent Combined Cycle Power Plant Purchase
View:
Post by WDMBell on Oct 27, 2023 10:06am

Recent Combined Cycle Power Plant Purchase

Captial Power bought 50.15% of a 265MW natural gas combined cycle power plant for 137Mil CDN.

This transaction puts the HR Milner Plant at a value of $309Mil CDN with a minimum share price of $6.09 which is $1.71 increase or 39% upside.
Comment by longrun86 on Oct 27, 2023 12:56pm
Thanks for your post! Do you have any sense of the comparative efficiency of the Capital Power facility acquired? I am wondering if Milner would be more profitable on a comparable basis? LR
Comment by WDMBell on Oct 27, 2023 1:10pm
I don't sorry but the information is publicly disclosed in Capital Powers (TSX:CPX) news feed.  I believe the power plant is locatedin Washington state.
Comment by longrun86 on Oct 28, 2023 1:01am
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 ...more  
Maxim Power Corp