09:53 AM EDT, 06/18/2024 (MT Newswires) -- Capital Power ( CPXWF ) on Tuesday said the Genesee Generating Station is now 100% natural gas-fueled, resulting in the facility being off coal over five years ahead of the Alberta government mandate.

As part of the Genesee Repowering project, the facility completed simple cycle commissioning for Unit 1 on May 3, simple cycle testing is underway on Unit 2, and Unit 3 has transitioned to natural gas, a statement said. The project continues to progress with combined cycle completion expected in Q4 2024, which will result in 512 MW of additional net high efficiency, low heat rate capacity from the site, it added

Capital Power ( CPXWF ) said it aims to deliver up to 3.4 million tonnes of annual emissions reductions through its Genesee Repowering project. Jason Comandante, SVP, Head of Canada for Capital Power ( CPXWF ), said: "Our investment in this facility will result in the most efficient natural gas combined cycle plant in Canada - a feat that significantly reduces emissions while delivering more megawatts of reliable, affordable and clean capacity for our province."

Capital Power ( CPXWF ) shares fell $0.82, or 2%, to $41.03 on the TSX on Monday.

Price: 40.99, Change: -0.04, Percent Change: -0.10