IMPERIAL VALLEY BIOPOWER ANNOUNCES 20MW PPA WITH SOUTHERN CALIFORNIA EDISON
Released on: September 4, 2008, 11:10 am
Press Release Author: Energy Integration Group
Industry: Energy
Press Release Summary: Imperial Valley Biopower announced that it has signed a 20 megawatt power purchase agreement (PPA) with Edison International (EIX) utility, Southern California Edison, which is now under review by California regulators for approval.
Under Edison\'s proposed 20-year contract with Imperial Valley Biopower, (a unit of privately held San Diego, Calif.-based Energy Integration Group), the utility would take all the output from a 20-megawatt biomass facility near the town of El Centro in California\'s Imperial Valley. The $51 million plant has been financed and would convert cow manure from local feedlots into steam energy, to produce about 140 gigawatt-hours a year. Woodchips and other organic materials could be used as backup fuels for the plant, which is expandable to up to 40 MW.
Press Release Body: SAN DIEGO– Imperial Valley Biopower announced that it has signed a 20 megawatt power purchase agreement (PPA) with Edison International (EIX) utility, Southern California Edison, which is now under review by California regulators for approval.
Under Edison\'s proposed 20-year contract with Imperial Valley Biopower, (a unit of privately held San Diego, Calif.-based Energy Integration Group), the utility would take all the output from a 20-megawatt biomass facility near the town of El Centro in California\'s Imperial Valley. The $51 million plant has been financed and would convert cow manure from local feedlots into steam energy, to produce about 140 gigawatt-hours a year. Woodchips and other organic materials could be used as backup fuels for the plant, which is expandable to up to 40 MW.
The facility is expected to be online early in 2010 and will generate enough electricity to power over 20,000 homes. It will also provide for a long-term solution for an environmentally responsible disposal for cattle manure in Imperial Valley. The project is expected to create 50 full-time jobs and it will bolster industrial activity in the recently created Enterprise Zone.
Southern California Edison would count the power from the biomass plant toward its obligations, under California’s Renewable Portfolio Standards, which requires power providers to use renewables for 20% of their retail power by 2010.
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Imperial Valley Biopower is a wholly owned subsidiary of Energy Integration Group (EIG); a leading Renewable Energy Developer in San Diego. EIG is an environmentally friendly, wholesale power generating company, committed to building a more sustainable future in energy by providing solutions to meet the global demand for alternative energy. Additional information about the Imperial Valley Biopower project and EIG is available at: http://www.energyintegrationgroup.com
An Edison International (NYSE:EIX) company, (Southern California Edison), is one of the nation\'s largest electric utilities, serving a population of more than 13 million via 4.6 million customer accounts in a 50,000-square-mile service area within central, coastal and Southern California.
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