TransCanada Corporation (NYSE: TRP) has announced that its Kibby Wind Power Project has received a final and unanimous approval for its development plans from Maine’s Land Use Regulation Commission.
The company has said that construction plans are now underway for the 132MW wind project located in Kibby and Skinner Townships in northwestern Franklin County, Maine.
While wind is the new hot thing for anyone involved, we’d note that this energy infrastructure company has an implied US market cap of nearly $20 Billion and this company generated some $7.7 Billion in 2007 revenues.
This project is for 44 wind turbine generators of 3MW each and is expected to take 12 months to 18 months to complete. The capital cost of the project is listed as $320 million and is expected to provide enough energy to run about 50,000 homes in New England.
Jon C. Ogg
July 9, 2008
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