TransCanada signs JV for C$3 bln pipeline project in N Alberta

Mon Oct 29, 2012 7:20am EDT
 
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Oct 29 (Reuters) - TransCanada Corp has formed a joint venture with Phoenix Energy Holdings Ltd to develop a C$3 billion pipeline project in Northern Alberta.

TransCanada and Phoenix will each own half of the proposed Grand Rapids Pipeline project that includes a crude oil and a diluent line to transport volumes about 500 kilometres between the producing area northwest of Fort McMurray and the Edmonton-Heartland region.