Acquisition of Four Ontario Natural Gas-Fired Power Plants by TransAlta
Planned · Ontario · Last reported Nov 2025
Source: Construct Connect
TransAlta Corp. has signed a deal to buy Far North Power Corp. and its four natural gas-fired power plants located in Iroquois Falls, Kingston, North Bay, and Kapuskasing, Ontario. The acquisition adds 310 megawatts capacity to TransAlta's portfolio, increasing its total capacity to 1,300 MW. The transaction is financed using cash on hand and credit facilities and is expected to close by early Q1
- Status
- Prospective
- Sector
- Power Generation (CCGT), Natural Gas
- Location
- Ontario, Canada
- Updated
- 22 Jul 2026
- Source
- Construct Connect
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | TransAlta Corp. has signed a deal to buy Far North Power Corp. and its four natural gas-fired power plants located in Iroquois Falls, Kingston, North Bay, and Kapuskasing, Ontario. The acquisition adds 310 megawatts capacity to TransAlta's portfolio, increasing its total capacity to 1,300 MW. The transaction is financed using cash on hand and credit facilities and is expected to close by early Q1 2026. |
Original sector | Energy |
Budget |
Location
Country | Canada |
State | Ontario |
Source
Source | Construct Connect |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Natural Gas |
Article published date | 2025-11-22 |
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