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OT...RailPower says Canac buying 2 Green Goat locomotives for use in Texas
Fri Jan 16, 8:33 AM ET

VANCOUVER (CP) - RailPower Technologies Corp. says Canac Inc. of Montreal will use funding from the Texas emissions reduction program to buy two Green Goat hybrid locomotives from RailPower.


The emissions-reducing locomotives will be used for Canac's industrial operations in Harris County in the Houston area, replacing regular diesel engines, Vancouver-based RailPower (TSXV:P) said Friday.

The Texas funding, part of a $130-million-US annual program, covers most of the cost of locomotive conversions.

"Texas is very actively addressing mobile sources of noxious emissions with its TERP program," RailPower CEO Jim Maier said in a release. "We are very pleased to have two Canac locomotives qualify and anticipate additional applications from other users in coming months."

Canac CEO Frank Trotter said the conversion deal represents "a good value proposition" and the firm plans to switch more of its locomotives to hybrids.

RailPower's hybrid locomotives cut the output of nitrous oxide and particulates by 80 to 90 per cent while slashing diesel fuel use by 50 to 80 per cent.