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Laidlaw Energy Step Closer to Plans for New Biomass Energy Facility.

ENERGY RESOURCE-11 January 2008-Laidlaw Energy Step Closer to Plans for New Biomass Energy Facility(C)2008 JeraOne - http://www.jeraone.com

Laidlaw Berlin LLC, an affiliate of Laidlaw Energy Group Inc., is a step further in its plans to build a biomass energy facility in New Hampshire as planning officials in Berlin, N.H., vote to approve the subdivision of the former Fraser Paper pulp mill site.

The city's Planning Board unanimously approved the move, which Laidlaw said "significantly" boosts the prospects for a proposed 65-megawatt biomass energy facility that it plans to build at the site.

The approval, which was a major condition of the closing of the acquisition of the site by Laidlaw from the seller, North American Dismantling Corp., "paves the way for Laidlaw and NADC to imminently execute the definitive purchase agreement for the site and the assets and move forward with the transaction," the company said in a news release.

The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60 megawatts of renewable energy to the New England power grid and utilize about 750,000 tons of clean wood biomass chips per annum.

The project involves a capital investment of approximately $65 million by Laidlaw and its partners and lenders and is expected to employ 40 directly and create over 500 indirect jobs. Once completed, the plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.

Laidlaw Energy Group is headquartered in New York, New York. For more information on LLEG, visit www.NYENRG.com.

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Publication:Energy Resource
Date:Jan 11, 2008
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