Joint Venture for Renewable Energy in New England

Laidlaw Energy Group (LLEG) and EcoPower LLC entered into joint venture that will involve the development of two biomass energy projects to be located in the New England power market. The projects will have a combined gross capacity of approximately 40 megawatts (MW), planning start-up in 2007 and 2008.

One of the projects involves the construction of a new 20 MW biomass energy facility in Massachusetts that will use certain types of wood waste. Since certain types of wood waste will no longer be allowed in landfills after July 2006 per the Massachusetts DEP’s new Solid Waste Master Plan, this project will benefit from an abundant and cost effective source. It is anticipated that this proposed biomass plant will provide long-term clean and dependable renewable energy to the New England region. It has been under development for 18 months and has received a Beneficial Use Determination from the Massachusetts DEP allowing for the use of Construction & Demolition Wood as fuel. It received approval for predevelopment funding from the Massachusetts Technology Collaborative as well as an Advisory Ruling from the Massachusetts Division of Energy Resources approving the proposed design as “low-emission, advanced biomass power conversion technology.” This essentially prequalifies the facility as a New Renewable Generating Unit. The second project involves technology upgrades to an existing biomass generation facility, as well as an expansion of existing plant capacity, in order to provide an additional 20 MW of renewable biomass energy in the New England region. “The principals of EcoPower bring a wealth of biomass energy development and operations experience to this partnership,” said Michael Bartoszek, LLEG President and CEO. “We feel that this will allow us to significantly expedite our expansion into the Massachusetts and New England marketplace, where renewable energy currently commands a strong premium.”

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