Top > Business > 2005 > September > 2005-09-09

Progress on Renewable Energy Project

Laidlaw Energy Group, Inc. has announced that it has completed several key milestones in connection with its Buffalo, New York area renewable energy project. The project involves the conversion of a natural gas fueled cogeneration plant into one that will solely utilize a renewable fuel source - clean wood chips. Laidlaw Energy Group (LLEG) is a developer of clean energy facilities that produce electricity for sale to local utilities from renewable and other environmentally superior fuel sources. The New York State Energy Research and Development Authority has provided LLEG with $1 million in grant funding for the project to help move the project forward as part of New York State`s overall strategy to increase the use of clean energy generation as directed by Governor George Pataki. LLEG has completed the design and engineering for the project, procured the requisite equipment and entered into an agreement that provides for the fixed price construction of the project. LLEG has also submitted an application to the New York State Department of Environmental Conservation to modify the facility?s existing air permit in order to allow it to utilize wood fuel rather than natural gas. The project has a long-term power purchase agreement with Niagara Mohawk Power Corporation, a National Grid Company, with approximately 16 years remaining. In addition to providing