Pembina Pipeline Leads $4.6 Billion Alberta Power Project

Pembina Pipeline Corp., Morgan Stanley Infrastructure Partners, and Kineticor Asset Management reached a final investment decision to construct the Greenlight Electricity Centre in Sturgeon County, Alberta. The $4.6 billion natural gas-fired combined cycle facility will generate 932 megawatts of electricity, with potential expansion to 1,864 MW. The plant is designed to provide dedicated power to a co-located data center, bypassing provincial grid limitations to attract hyperscale developers. While the partners have not officially named the client, analyst research and lobbyist registries identify Meta Platforms Inc. as the intended customer.

Aecon Group Inc. and its partner Técnicas Reunidas Alberta, Inc. were awarded a multibillion-dollar contract to build the facility, with Aecon's share valued at $1.7 billion. Construction is scheduled to begin in the third quarter of 2026 and is expected to be operational by the second half of 2030. The facility will consume approximately 150 million cubic feet of natural gas per day.

The project aligns with the Government of Alberta's strategy to create new markets for local gas producers and attract $100 billion in data center investment by 2030. Executives from Pembina and Aecon noted that the rapid advancement of AI infrastructure and digital transformation in North America are driving an unprecedented demand for power generation and critical infrastructure.