Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeEnergy$4.6-billion power station to supply data centre near Edmonton gets green lightPembina and Morgan Stanley team up to build projectLast updated 26 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.Pembina and partners have given a final investment decision to the Greenlight Electricity Centre, a $4.6-billion project that would generate 932 megawatts. Photo by Pembina PipelineCalgary-based Pembina Pipeline Corp. is joining forces with a local power company and a subsidiary of Morgan Stanley to build a massive new electricity generating station northeast of Edmonton that would serve a data centre customer.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorPembina said Thursday the partners, which include Morgan Stanley Infrastructure Partners and Calgary’s Kineticor Asset Management, had given a final investment decision to the Greenlight Electricity Centre, a $4.6-billion project that would generate 932 megawatts.The partners didn’t name the data centre customer that would use this large amount of power, but previous reports and analyst research had suggested that Meta Platforms Inc. was tied to the project. A January report by TD Securities analyst Michael Elias said Meta plans to build a gigawatt-plus data centre in Edmonton.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againPembina said in a release that Alberta has positioned itself as an attractive destination for significant investment in data centre projects, which require long-term, reliable power.The province has long been dealing with a glut of natural gas, which has kept local prices stubbornly low. Part of the Alberta government’s strategy to attract power-hungry data centres is to provide a new market for the gas.The Greenlight project will require approximately 150 million cubic feet per day of natural gas, with the partners securing long-term commitments from producers to ship on Pembina’s and TC Energy Corp.’s pipeline systems, among other commercial arrangements.“Reliable, dispatchable power is the foundation of the AI and cloud economy and Greenlight will deliver it at scale to one of Canada’s most important new data centre developments,” Chris Ortega, head of the Americas for Morgan Stanley Infrastructure Partners, said in a release.Pembina will own 47.5 per cent of the project, while the Morgan Stanley group controls 47.5 per cent, with Kineticor owning the remaining five per cent.More to come … Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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