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Article: NEW WORLD POWER ENTERS INTO VILLAGE POWER AGREEMENT WITH ST. GEORGE ISLAND TO DEVELOP BASE LOAD WIND/DIESEL PROJECT
- Article from:
- PR Newswire
- Article date:
- May 26, 1995
CopyrightCOPYRIGHT 1995 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., May 26 /PRNewswire/ -- The New World Power Corporation (Nasdaq-NNM: NWPC) announced that New World Village Power Company, a wholly owned subsidiary, has signed an exclusive agreement with the local government of St. George, Alaska, to develop a wind/diesel electric generating system. The New World owned-and- operated project is intended to replace the existing municipal power plant and provide all electric generation for the island through a power purchase agreement with the municipal utility. The initial project size is expected to be in the 300-400 kilowatt range, increasing to 2 megawatts, as new harbor and fish processing facilities are completed. ...