Capital Power to Acquire 50% Stake in Shepard Energy Gas Project from Enmax for $867m in Alberta, Canada - Deal Analysis

Capital Power to Acquire 50% Stake in Shepard Energy Gas Project from Enmax for $867m in Alberta, Canada - Deal Analysis Capital Power Corporation (CPC) has agreed to acquire a 50% interest in the Shepard Energy Center (SEC), an 800 Megawatt (MW) natural gas-fired plant. The total cost for building the gas-fired power plant is estimated to be $1.4 billion and is situated in the southeast Calgary. The CPC will jointly build, own and operate the SEC along with Calgary-based utility Enmax. Capital Power will invest approximately $867m into the SEC project.

Scope

- The information related to the deal announced by Capital Power to acquire 50% stake in Shepard Energy Gas Project from Enmax in Alberta, Canada
- Comparison of similar asset finance deals
- Key drivers of the deal
- Rationale of the deal
- A brief on Capital Power Corporation, Enmax Corporation and Shepard Energy Gas Project

Reasons to buy

- Understand the reasons for the investment
- Understand the response from the markets
- Understand the impact of the deal on Capital Power and Enmax