Printer Friendly

$120 MILLION COGENERATION PROJECT TO PROVIDE STEAM, ELECTRIC SERVICE RELIABILITY TO CENTER CITY PHILADELPHIA

 $120 MILLION COGENERATION PROJECT TO PROVIDE STEAM,
 ELECTRIC SERVICE RELIABILITY TO CENTER CITY PHILADELPHIA
 PHILADELPHIA, March 30 /PRNewswire/ -- Mayor Ed Rendell joined with local energy developers at a news conference today to launch a major, $120 million energy project for the Philadelphia.
 It is the Grays Ferry Cogeneration Project, 2600 Christian St., which will provide Philadelphia Thermal Energy Corporation (PTEC), the city's steam utility, with a new, state-of-the-art steam plant serving the needs of 400 commercial, industrial and government customers in Philadelphia.
 The customers include 18 of the city's 25 largest office buildings, 11 hospitals, two colleges and universities, 11 hotels and 37 government buildings, including City Hall and the Philadelphia Museum of Art.
 The plant will be able to produce 1 million pounds of steam per hour, as well as 120 megawatts of electricity, enough electricity to meet the needs of six of the city's largest new office buildings, or 40,000 households.
 By fueling the new plant with natural gas, instead of the oil used to fuel an existing steam production facility, the project will reduce sulphur dioxide emissions into Philadelphia's air by more than 360 tons a year.
 It will consume approximately 12 billion cubic feet of natural gas and become Philadelphia Gas Works' largest transportation and supply customer. It will provide for 200 construction jobs during a two-year building period and nearly 25 jobs during operation.
 The Grays Ferry Project will be jointly developed by United Thermal Corporation (OTC: UNTH), parent company of Philadelphia Thermal Energy Corporation; O'Brien Environmental Energy, Inc. (AMEX: OBS), and ADWIN Equipment Company, a subsidiary of Philadelphia Electric Company (NYSE: PE).
 It will be built at the PTEC's existing Schuylkill Station, a steam and electric generating plant at Christian Street and the Schuylkill River.
 Steam generated at the plant will be sold to PTEC, and electricity will be sold to PE.
 At the news conference, held at the plant, the Grays Ferry developers announced that the project, first proposed last August, had passed several significant milestones, to the point that construction would start early in 1993, with operation scheduled for 1995.
 They said that energy purchase prices had been agreed to and contracts will be submitted to the Pennsylvania Public Utility Commission in the near future; all preliminary engineering has been completed, and an air quality permit application has been filed with the city.
 Rendell praised the project as "a Philadelphia project that demonstrates the kind of 'can do' corporate spirit we need to help make Philadelphia a great city once again."
 Steve Smith, PTEC president, said, "This new plant will be especially beneficial for our new steam customers. It will provide substantial and reliable steam generating capacity to meet the long-term needs of our current customers and provide for the future growth of the steam system."
 Daniel A. Neely, ADWIN vice president, said the project "is in a strategic location," since Philadelphia represents 40 percent of PE's electric demand, yet contains only 5 percent of its installed electric generation.
 "The Grays Ferry project," he said, "will benefit Philadelphia economically by making available a highly efficient electric energy supply within the city, where it is needed for increased reliability and future demand growth."
 Neely also cited the environmental benefit of the project, pointing out that it will "replace older, oil burning equipment, with new equipment that burns cleaner natural gas."
 Frank O'Brien, president of O'Brien Environmental Energy, explained that cogeneration is a process where both electricity and steam energy are produced from a common fuel source, producing a high degree of production efficiency and resulting in cost savings for both steam and electric customers. In recent years, cogeneration projects have grown more common at privately owned industrial sites where both steam and electricity is used, with excess electricity sold to the local utility.
 /delval/
 -0- 3/30/92
 /CONTACT: Bruce Levy, 215-627-5500, Dan Neely, 215-595-1061, or Kevin Brown, 215-875-6900, all for the Grays Ferry Cogeneration Project/
 (PE) CO: Philadelphia Electric Company ST: Pennsylvania IN: UTI SU:


CK -- PH018 -- 2812 03/30/92 11:00 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 30, 1992
Words:673
Previous Article:FIBRONICS INTRODUCES NETWORK CONTROL UNITS FOR MAINFRAME CONNECTION TO ETHERNET AND PC LANS; CONTROL UNITS INCREASE NETWORK EFFICIENCY
Next Article:CAMPBELL TO EXPAND 'DELACRE' COOKIE PLANT IN BELGIUM
Topics:


Related Articles
WESTMORELAND COAL AND LG&E POWER SYSTEMS CLOSE FINANCING FOR A $300 MILLION NORTH CAROLINA COGENERATION PROJECT
CSW ENERGY, INC. ORANGE COGENERATION PLANT BEGINS COMMERCIAL OPERATION
SCANA AND WESTVACO ANNOUNCE JOINT VENTURE TO CONSTRUCT COGENERATION FACILITY
Trigen & Conectiv Energy Form Alliance to Serve Philadelphia Energy Market.
CMS Energy, DTE Energy Services Announce Cogeneration Project to Serve Electric and Steam Needs of Rouge Steel and Ford Motor Co. at Rouge Complex.
MCN Energy Group And Partners Purchase Carson Cogeneration Project.
Primary Energy, BP Amoco Finalize Cogeneration Project at Whiting Refinery.
Trigen's Grays Ferry Cogeneration Plant Receives 1999 Powerplant Award.
Smith Cogeneration Extends Steam Agreement With Dayton Tire.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters