CRISIL believes that MBPL
will continue to benefit over the medium term from its enhanced scale of operations because of successful completion of its project for doubling its capacity over the medium term.
Jim Wright, president of Midcoast Canada, stated, "The purchase of MBPL
, along with our acquisition of the Provost natural gas plant and gathering system from TransCanada, which we announced last month, increases our presence in Canada to include nearly 200 miles of pipeline and two processing/treating facilities with a combined capacity of 45 Mmcf/day.
Jim Wright, president of Midcoast Canada, stated, &uot;The purchase of MBPL
is an exciting addition to our Canadian operations, which already include the Calmar natural gas gathering pipeline and treating facility in Alberta.
The JPL board declared the decision to buy MBPL
s holding company and fellow subsidiary that offers activations in an all-cash deal, as per a communication to the stock exchange.