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NORTH CANADIAN ANNOUNCES OPENING OF SYRACUSE COGENERATION FACILITY

 NORTH CANADIAN ANNOUNCES OPENING OF SYRACUSE COGENERATION FACILITY
 CALGARY, Aug. 12 /PRNewswire/ -- North Canadian Oils Limited said it is pleased to announce the official opening on Aug. 13, of an 80- megawatt cogeneration facility, fuelled by natural gas and located on the campus of Syracuse University in Syracuse, N.Y.
 The facility is owned by Project Orange Associates, a partnership comprised of North Canadian Power Incorporated, a subsidiary of North Canadian Oils Limited as Managing General Partner (82 percent); Gas Orange Partners of New York, N.Y. as Developer General Partner (10 percent); and Stewart & Stevenson Services of Houston, Texas as a Limited Partner (8 percent).
 The project was originally conceived over ten years ago by Adam Victor, the founder of Gas Orange Partners, to enable the University to use low-cost steam produced by a new, efficient and environmentally beneficial cogeneration plant. Because of its unique conception, this plant has served as a pioneer for other power plants in the State of New York. North Canadian joined the project in February 1991, providing the equity commitment, and the financing and development expertise to bring the project to fruition.
 The plant provides heating and cooling to several University buildings and other non-University steam users, including hospitals, in the immediate vicinity of the University. The electrical power produced by the plant will be sold to Niagara Mohawk Power Corp. under a 40-year Power Purchase Agreement. An 80-megawatt plant can produce the equivalent electricity required for about 100,000 homes.
 North Canadian Oils and Canadian Hunter Exploration Ltd., both of Calgary, Canada, have pre-sold 120 billion cubic feet of natural gas to the project, which is enough fuel to operate the plant for about 16 years at a rate of approximately 20 million cubic feet per day. An equivalent oil-fired generating facility would use about one million barrels of oil per year and generate hundreds of tons of associated pollution.
 The project has been hailed as a benefit to the University, the City of Syracuse and the local community. As a result the project received considerable assistance from the State of New York, including early development funding from the New York State Energy Research and Development Authority, and support from the City of Syracuse, the Syracuse Industrial Development Agency and the local community immediately surrounding the new facility.
 Construction was completed by Century Contractors of Houston, who used two General Electrical LM5000 gas turbine engines packaged by Stewart & Stevenson, also of Houston. Design and construction of a 9-1/2 mile gas pipeline, owned by the project, to connect with the Tennessee gas pipeline system were completed by O'Brien & Gere Engineers, Inc., and OBG Technical Services, Inc., respectively, both of the City of Syracuse. The staff at Syracuse University were also instrumental in making the project a reality.
 Long-term project loan financing of U.S. $175 million is being provided by ABN AMRO Bank N.V., a major Dutch bank; Nippon Credit Bank, Ltd; and Bank of Montreal.
 North Canadian Power develops, owns and operates cogeneration projects in the United States and Canada, with offices in Orange, California; Houston, Texas; Calgary, Alberta; Toronto, Ontario; and Regina, Saskatchewan.
 -0- 8/12/92
 /CONTACT: Jay R. Roland, president, North Canadian Power Inc., 714-667-3800/
 (NCO) CO: North Canadian Oils Limited ST: Alberta, New York IN: OIL SU:


JS -- PH020 -- 6171 08/12/92 12:28 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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