# Capital Power to acquire Goreway Power Station for $977 million

Capital Power Corporation has agreed to acquire Goreway Power Station Holdings Inc., which owns the 875 MW Goreway natural gas combined cycle facility in Ontario, for $387 million in cash plus the assumption of $590 million in debt. The acquisition is expected to close in Q2 2019.

- Type: Acquisition
- Announced: 2019-04-29
- Where: Ontario, Canada
- Value: $977.0M
- Status: announced
- Capacity: 875 MW
- Products: electricity generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)
- [JERA](https://endata.com/companies/5225.md) (partner)
- [Capital Power Corporation](https://endata.com/companies/22368.md) (acquirer)
- [Goreway Power Station Holdings Inc.](https://endata.com/companies/39111.md) (target)
- [Goreway Station Partnership](https://endata.com/companies/39251.md) (target)

## Sources

- [capitalpower.com](https://www.capitalpower.com/media/media_releases/capital-power-announces-strategic-acquisition-of-goreway-power-station-and-a-130-million-subscription-receipt-offering/), 2019-04-29: "The Goreway facility is an excellent strategic fit to our growth plans given its size, excellent operating history, location, and remaining contract term to 2029."
- [canadacommons.ca](https://canadacommons.ca/artifacts/39310469/notice-of-proposal/40209570/), 2019-05-01: "CPC asserts that the acquisition will not negatively affect competition, as the Goreway Power Station already has a contract with the IESO."

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