Cascade Power Project Closes Financing: E3 Served as Project Technical Advisor
E3 Consulting served as the Independent Engineer in support of financing for the 900 MW combined-cycle natural gas-powered Cascade Power Project. The Project secured C$1.5bn ($1.2bn) financing in late August and will commence construction immediately.
Alberta-based developer Kineticor Resource Corp closed the financing with joint development sponsors Macquarie Capital and pension fund OPTrust, and project sponsors OPTrust, Axium Infrastructure and DIF Capital Partners.
E3 will serve as Construction Monitor for the Project, which is expected to begin operations in 2022. Learn more about the financing at https://www.businesswire.com/news/home/20200828005159/en/900-MW-Cascade-Power-Project-Alberta-Closes.