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Cascade Power Project Wins Canadian Power Deal of the Year Award
Project Finance International s Canadian Power Deal of the Year award for 2020.
The $1.5-billion Cascade Power Project is a 900-megawatt combined-cycle natural gas-fired power generation facility under construction near Edson, Alberta that will play a role in transitioning the province away from coal-fired power.
OPTrust is a proud partner of the project alongside Axium Infrastructure Inc., DIF Capital Partners, Kineticor Resource Corp., and the Indigenous Communities Syndicate LP (ICS), a consortium owned by the Alexis Nakota Sioux Nation, Enoch Cree Nation, Kehewin Cree Nation, O Chiese First Nation, Paul First Nation and Whitefish Lake First Nation. ICS will participate with an equity stake in the project and, in its first commitment since launching, the Alberta Indigenous Opportunities Corporation has provided a $93-million loan guarantee in the transaction.