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KENETECH SIGNS CONTRACT FOR TEXAS WINDPLANT

 SAN FRANCISCO, Nov. 29 /PRNewswire/ -- KENETECH Corp. (NASDAQ: KWND) today announced that its KENETECH Windpower subsidiary has signed a power contract with the Lower Colorado River Authority (LCRA) to develop a 50-megawatt (MW) Windplant(TM) in Texas.
 KENETECH President Gerald Alderson said: "The LCRA agreement is an important first step in our effort to capture the tremendous wind energy resources of Texas." LCRA's approval of the proposed Windplant, Alderson added, "further signifies the growing acceptance of KENETECH Windpower's advanced wind turbine technology as an economically- competitive and environmentally-preferred generating option for the electric utility industry."
 The proposed project, the state's first commercial-scale wind energy facility, will be located in western Texas. The project will utilize approximately 145 of KENETECH's Model 33M-VS variable speed wind turbines. The 33M-VS is a utility-grade wind turbine that can generate pollution-free electricity at a price competitive with newly-constructed fossil fuel plants.
 "We believe this wind project offers a tremendous opportunity for Texas to enter a new era of energy production, one that is clean, safe and inexhaustible," said LCRA General Manager Mark Rose. "The LCRA stands ready to be the catalyst to make wind energy part of the state's energy future."
 Through its Windpower subsidiary, KENETECH will own, operate and maintain the Windplant, and will sell the electricity to LCRA under a long-term power purchase agreement. LCRA plans to use 20 MW of the wind-generated power and sell the other 30 MW to other Texas utilities.
 CNF Constructors Inc., a subsidiary of KENETECH Corp., will serve as the primary contractor and engineer the project. The site is expected to be operational in two to three years.
 Rose added: "We recognize that there are a number of issues to be resolved to make this project successful, including transmission agreements and regulatory hurdles. But, if the policy makers and utility industry leaders in this state want a renewable energy future in Texas they can help us make it happen."
 The Lower Colorado River Authority is a self-supporting public utility created by the Texas legislature in 1934 as a conservation and reclamation district covering 10 counties along the Texas Colorado River. The utility supplies electricity to more than 800,000 Central Texans through 44 wholesale customers, including 11 electric cooperatives and 33 cities.
 KENETECH Corp. is a leading provider of products and services to the electric power industry. Through its subsidiaries, the company designs, builds, finances and maintains power plants that utilize environmentally- preferred technologies -- principally wind, biomass and natural gas. The company also provides energy management services to industrial, institutional and commercial customers.
 -0- 11/29/93
 /CONTACT: Clarence Grebey of KENETECH, 415-398-3825/
 (KWND)


CO: KENETECH Corp. ST: California IN: OIL UTI SU: CON

TM-LW -- SF001 -- 8084 11/29/93 07:00 EST
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Date:Nov 29, 1993
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