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Article: NEW WORLD POWER CORPORATION SUBSIDIARY SIGNS JOINT VENTURE FOR CANADIAN VILLAGE POWER PROJECT
- Article from:
- PR Newswire
- Article date:
- July 20, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LIME ROCK, Conn., July 20 /PRNewswire/ -- The New World Power Corporation (Nasdaq-NNM: NWPC) announced today that The New World Village Power Company, a wholly owned subsidiary, has signed an agreement with the Fort Albany First Nation to form a joint venture to build, own and operate an approximate 2 megawatt wind/diesel hybrid power station. The generating plant will provide base load energy to the city of Fort Albany, Ontario, under terms of a power purchase contract that the joint venture expects to negotiate with Ontario Hydro, the provincial utility.
The focus of New World Village Power is international. It builds, owns and operates generation projects serving ...