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Article: NEW WORLD POWER CORP. SUBSIDIARY SIGNS AGREEMENT WITH ALASKAN NATIVE CORPORATION FOR DEVELOPMENT OF WIND/DIESEL PROJECT ON ST. PAUL ISLAND
- Article from:
- PR Newswire
- Article date:
- October 13, 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., Oct. 13 /PRNewswire/ -- The New World Power Corporation (Nasdaq-NNM: NWPC) announced today that its New World Village Power unit has agreed to exclusive terms with Tanadgusix Corporation (TDX) for the joint development of a wind/diesel power project on St. Paul Island, Alaska. Based in St. Paul, TDX Corporation is the island's major landholder.
The project will either power the TDX and its industrial leaseholder's 2 megawatt (MW) electric load, or a 4 MW combination of TDX interests and the city of St. Paul's municipal utility, pending engineering review and further negotiations.
TDX is an Alaskan Native Corporation with diversified interests on St. ...