# Capital Power acquires 294 MW of power facilities from Veresen for $500M

Capital Power Corporation agreed to acquire Veresen Inc.'s thermal power business, including two gas-fired generation facilities in Ontario and two waste heat assets in British Columbia, for $500 million.

- Type: Acquisition
- Announced: 2017-02-21
- Where: Ontario and British Columbia, Canada
- Value: $500.0M
- Status: announced
- Capacity: 294 MW
- Products: electricity generation, waste heat generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Capital Power Corporation](https://endata.com/companies/22368.md) (acquirer)
- [Veresen Inc.](https://endata.com/companies/22369.md) (target)

## Sources

- [capitalpower.com](https://www.capitalpower.com/media/media_releases/capital-power-acquires-294-megawatts-of-fully-contracted-power-facilities-in-ontario-and-british-columbia/), 2017-02-21: "These young, high-quality assets have an excellent operating history and will strengthen and diversify our existing fleet of assets."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.