Kineticor

Kineticor in its acquisition of a 32MWp cogeneration facility to provide power and heat to Tidewater's Pipestone Gas Plant

Client

Kineticor Resource Corp.

Value

$85 million

Date Closed

March 2019

Industry

Energy (Electrical Power)

Lead Office

Calgary


On March 25, 2019, Kineticor acquired a 32 MWp cogeneration facility (currently under construction) from Tidewater Midstream and Infrastructure for $85 million. Tidewater's Pipestone Gas Plant will rely on Kineticor's cogeneration facility to be the sole power provider for the gas plant.  In conjunction with the acquisition, Kineticor and Tidewater have entered into a long-term energy services agreement whereby Kineticor will supply power and heat to Tidewater's Pipestone Gas Plant once construction is complete.

Kineticor, based in Calgary, is an independent power producer, that builds, owns, and operates power generation equipment.

Tidewater, also based in Calgary, engages in the gathering, processing, and transportation of natural gas liquids.

Osler, Hoskin & Harcourt LLP represented Kineticor with a team led by Lorne Carson that included Allan Morgan and Courtney Bohn (Corporate).


Team
Lorne  Carson
Key Contact

Lorne Carson

Partner, Corporate

Allan Morgan

Allan Morgan

Associate, Corporate