SaskPower was selected as the company to build and operate a new 350-megawatt combined cycle natural gas power generating facility in Swift Current which is scheduled to come into service by the fall of 2019.
Crown Investments Corporation (CIC) led an open evaluation process to determine best value for ratepayers in the construction of a new plant.
Don McMorris, who had been serving as the Minister responsible for CIC at the time, thanked CIC for carrying out the evaluation process and to independent power producers for submitting very competitive proposals. “This project will benefit Saskatchewan people with reliable power for years to come.”
The evaluation process examined independent power producer proposals,and compared the highest ranked proposals against the SaskPower submission. A fairness monitor was engaged to oversee the process and ensure evaluation criteria were followed.
“SaskPower is pleased to have been selected to build and operate a new natural gas-fired power station in Swift Current,” said SaskPower president Mike Marsh. “This new plant will provide reliable, baseload power to the Saskatchewan grid and support the continued integration of additional renewables.”
A detailed value for money report will be prepared and publicly released within the next 120 days.
