TransAlta buying four Ontario natural gas-fired power plants for $95 million
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – TransAlta Corp. has signed a deal to buy Far North Power Corp. and its four natural gas-fired power plants in Ontario for $95 million.
The power utility is buying the assets from an affiliate of Hut 8 Corp. and Macquarie Equipment Finance Ltd.
The plants are located in Iroquois Falls, Kingston, North Bay, and Kapuskasing.
They will add 310 megawatts capacity to TransAlta’s portfolio to bring its total to 1,300 MW.
TransAlta says it will finance the transaction using cash on hand and its credit facilities.
The deal is expected to close by early in the first quarter of 2026.
This report by The Canadian Press was first published Nov. 17, 2025.
Companies in this story: (TSX:TA, TSX:HUT)