Power Plant Essay

2205 Words Oct 8th, 2014 9 Pages
Project Charter

Cambridge Bay, NWT
Power Generating Station Replacement

Submitted by:
Student #
MSTM4040 – Assignment #1
Feb 10, 2013

Table of Contents

Section 1. Charter Introduction 3
1.1 Document change control 3
1.2 Executive summary 3
1.3 Authorization 4
Section 2. Project Overview 5
2.1 Project summary 5
2.2 Project goals, business outcomes, and objectives 6
2.3 Project scope 6 2.3.1 Boundaries ………………………………………………………………………7
2.4 Milestones 8
2.5 Deliverables 8
2.6 Project cost estimate and sources of funding 9 2.6.1 Project cost Estimate …………………………………………………………….9 2.6.2 Sources of Funding ……………………………………………………………...9
2.7 Project risks, assumptions, and constraints 10
Section 3. Project
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The plant was designed to produce 3 megawatts of power, which was double the needed requirement at the time. Since then the population and infrastructure has grown so that the 3 megawatts of power is required just to keep up with daily requirements of the community. When a plant has to run at maximum capacity every day there is little room for error with no back up or reserve power, the community is dependent on the maximum output of the power plant every day.
A new state of the art 6 megawatt power generating plant is being proposed the town of Cambridge bay so that the current demand for electricity can be met and to have double the reserve for future growth and development. The total cost of this project is estimated to be $5,000,000 which will be split between the major stakeholder and sponsors.
The main stakeholders and sponsors in this project and the cost sharing are as follows: * Government of Canada : 50% - $2,500,00 * Quilliq Energy Corp: 35% - 1,750,000 * Hamlet of Cambridge Bay: 15% - $750,000
Peter Mackey, CEO Quilliq Energy Corp’s, will be the Project Manager for this project and will oversee all development, construction, testing and handover operations. He will also oversee, with consultation and approval from the Government of Canada, the tendering of the 4 major contracts which are listed below: * Sea lift, the movement of material to Cambridge

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