Below please read a portion of a Press Release from a Quebec Energy Company
Considering this company has an agreement to sell energy to Hydro-Quebec Newfoundland and Labrador's "low hanging fruit" continues to spur on projects for Quebec, Ontario and the world.
Innovente Inc., a leader in producing clean energy from organic waste, announces the acquisition of a 5 MW cogeneration plant owned by Newfoundland Labrador Hydro. Situated in Roddickton, Newfoundland, this plant was purchased in order to be relocated to the company's installations in St-Patrice-de-Beaurivage, Quebec. With this agreement, Innovente is getting one step closer to start its electricity production in 2012.
With acquiring an existing plant, Innovente is making an important saving of $7M on initially estimated costs of $17M. M. Richard Painchaud, President of Innovente says: "Innovente is once again showing it can identify great opportunities when it comes to acquiring assets that will allow the completion of important projects at the lowest cost. The savings achieved with this purchase will contribute to the development of new projects in Quebec, in Ontario and in USA".
About Innovente Inc. Innovente produces clean energy and fertilizers from organic waste. Innovente can accomplish this transformation using innovative technologies allowing the production of high calorific value biofuel. Furthermore, these technologies contribute to recuperate an important fraction of fertilizers such as nitrogen, phosphorus and potassium, all contained in organic waste.
Innovente's strategic vision lies upon developing and operating transformation centers throughout regions in Quebec, in Canada and across the world. Innovente already owns a valorization center in St-Patrice-de-Beaurivage. This center can annually receive over 50,000 tonnes of organic waste which Innovente will transform into biofuel suitable for production of electricity, heat and fertilizers. In February 2010, Hydro-Quebec awarded the company a 25-year supply contract to produce electricity from a cogeneration plant with a 4.6 MW capacity. Together with electricity, Innovente will annually produce 10 MW of heat, 7,000 tonnes of fertilizers and will reduce by 25 000 tonnes the Greenhouse Gases (GHG) emissions.
Anything else Newfoundland and Labrador Hydro has on the market Ed Martin - and when should we find out about it? Should have lots as communities in rural Newfoundland and Labrador collapse from gross negligence and mismanagement of our resources.
1 comment:
wow that is really to much. what is wrong with nalcor and ed martin don't the people get to have a say?
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