New York Grant for Cogeneration Facility

August 2, 2004 [] Laidlaw Energy Group (LLEG) was awarded a grant of US$ 1 million dollars for its Buffalo area renewable energy project from the New York State Energy Research and Development Authority (NYSERDA). LLEG was one of four companies, including the New York Times Company, Northern Power and Siemens, to receive the maximum $1 million dollar grant from NYSERDA. The Project will be located at the Laidlaw Energy & Environmental cogeneration facility in Ellicottville, New York, which is a joint venture between LLEG and an affiliate of the Greystone organization. The Project involves the conversion of the cogeneration facility, which currently utilizes natural gas as its fuel source, to a clean wood residue based fuel. The Project has a 30-year power purchase agreement with Niagara Mohawk Power Corporation, a National Grid Company with approximately 17 years remaining.


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