SRP to Buy 49 MW of Geothermal Energy

Salt River Project (SRP), provider of electricity for more than 920,000 electric customers in the Phoenix area, will purchase 49 megawatts (MW) of geothermal energy from a plant slated for southern California.

The proposed geothermal generating station, to be owned and operated by Hudson Ranch Power I, LLC, will be constructed in the Imperial Valley near the Salton Sea.

SRP has signed a 30-year agreement to purchase power beginning in March 2010 when the plant opens and will arrange transmission of the energy from the point of delivery to Arizona.

“We are continuing to pursue clean renewable energy sources to add to our resource mix,” said Richard Hayslip, assistant general manager, SRP Environmental, Land and Risk Management. “Renewable energy is a key component of SRP’s efforts to keep our air clean and reduce greenhouse gas emissions.”

Under SRP’s Sustainable Portfolio goals, SRP must secure sustainable and renewable resources to meet 15 percent of its retail load by the year 2025. Currently SRP’s sustainable portfolio, which consists of energy-conservation programs and renewable energy sources, including solar, wind, landfill gas, geothermal and low-head hydro, is at 5 percent.

Hudson Ranch Power I, LLC is an affiliate of CHAR LLC, a renewable energy development company jointly owned by Catalyst Renewables Corp. and Hannon Armstrong.

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