The approximately $500 million simple-cycle natural gas-fired peaking power facility, located in Coolidge, 72 kilometers southeast of Phoenix, will have a nominal capacity of 575MW and is expected to be online by May 2011 in time to meet peak power demand.
The facility will receive natural gas from both the El Paso Natural Gas and Transwestern pipelines, and will connect to a new Salt River Project (SRP) high-voltage transmission line currently under construction.
Hal Kvisle, president and CEO of TransCanada, said: We are delighted to continue expanding our US assets and presence with the completion of this agreement with SRP. The western US and specifically Arizona represents an attractive growth market in North America for additional power generation and transmission projects. Arizona’s population is expected to grow 50% by 2020 and to double by 2030, and TransCanada wants to help serve this demand.
