December 8, 2011 / 2:03 PM / 7 years ago

UPDATE 1-Capital Power sees higher profit for 2012

Dec 8 (Reuters) - Capital Power Corp, a North American independent power producer, forecast a higher profit for 2012 as its Keephills 3 coal-fired plant becomes fully operational and new wind projects come online.

The company forecast per-share earnings of C$1.50-C$1.70, assuming Alberta spot price of C$74 per megawatt hour. This compares with a 2011 estimate of C$1.25.

Keephills 3 is a coal-fired power plant, and is a joint venture partnership between TransAlta Corp and Capital Power.

Shares of Capital Power closed at C$24.10 on Wednesday on the Toronto Stock Exchange.

Reporting by Shounak Dasgupta in Bangalore; Editing by Supriya Kurane

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