SaskPower signs carbon capture deal with European company

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April 9, 2014 - 8:36am
Photo courtesy Jeff Sandquist via Flickr
Photo courtesy Jeff Sandquist via Flickr

A new deal has been struck between a Saskatchewan Crown corporation and a Swedish power company.

A memorandum of understanding (MOU) has been signed between SaskPower and Vattenfall regarding carbon capture storage (CCS) opportunities.

"It's quite an honour to work with them and have them come to us and seek our knowledge and our input to move some of their projects forward."

Construction is continuing on Saskatchewan's Boundary Dam project and SaskPower spokesperson Tyler Hopson says this type of thing isn't happening many places around the world.

"It's just a neat opportunity for SaskPower to lead the way, I guess, a little bit on some new technology and a new way of doing things."

This isn't a financial agreement, so there won't be any major benefits for the province's economy. Hopson said the companies do have common interests in some areas around CCS, which provided the impetus for a deal. The MOU could see them sharing technical information and expertise and keeping each other abreast of any new developments they find around the health, safety, and environmental impacts of the technology, for example.

Vattenfall approached SaskPower to make a deal. The company has significant CCS experience through several projects in Germany, the Netherlands, and the UK.

The MOU lasts for five years.

bhilton@rawlco.com