Tamarack Energy Announces Renewable Energy Contract with CL&P

Tamarack Energy, Inc., which has just executed a long-term Energy Purchase Agreement (EPA) with Connecticut Light & Power (CL&P), is developing a 30-megawatt (MW) biomass energy generation facility in Watertown, Connecticut, the first of its kind in the state.

The primary fuel for this facility will be waste wood generated from sound forest management practices, tree trimmings produced by utility and municipal maintenance crews, stumps and unusable wood generated from land conversion activities and clean recycled pallets. The Tamarack Energy facility will use highly advanced combustion technology and emissions control systems. The contract resulted from Round 1 of the Connecticut Clean Energy Fund’s Project 100 solicitation. Under this program, Tamarack Energy will sell approximately half of the plant’s output and associated renewable energy attributes to CL&P for 15 years. The balance of the facility’s output and its renewable attributes will either be sold to other participants in the ISO New England power market or to another off-taker as part of a separate long-term contract. “The Watertown facility will deliver clean, renewable, power to the generation constrained area of southwestern Connecticut where it is desperately needed,” said Bill Carter, Tamarack Energy Managing Director. After obtaining its necessary permits, Tamarack Energy expects to begin construction in late 2008 and begin operation by the end of 2009.
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