Pennsylvania Power Plant Will Create 500 New Jobs and Add $1 billion to Local Economy
CALGARY, Sept. 19, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EmberClear") is pleased to announce selection of SK E&C USA for Engineering, Procurement & Construction ("EPC") for the 300 MW Good Spring Natural Gas Combined Cycle ("Good Spring NGCC") power plant in Pennsylvania.
During construction, the Good Spring NGCC power project will employ approximately 500 workers for two years culminating in dozens of full time positions for plant operations. The economic impact to the surrounding area is expected to be more than $1 billion over 15 years.
The Natural Gas Combined Cycle power plant will use the latest turbine technology for efficient operations to supply enough electricity for approximately 300,000 households.
Jim Palumbo, President of Future Power Pennsylvania Inc. ("FPPI"), a wholly owned subsidiary of EmberClear, reports the Good Spring NGCC project is on schedule to commission in 2015. The project is expected to break ground in 2013.
"We expect the U.S. natural gas-based power market to rapidly expand over the next decade, especially in the Marcellus Shale geography where Good Spring NGCC is situated. SK E & C has been adding jobs in the U.S. in response and preparation for this opportunity," said Keith Clause, Chief Executive Officer, SK E&C USA.
Frank Zukas, President of the Schuylkill Economic Development Corporation ("SEDCO") in eastern Pennsylvania, believes the Good Spring plant will be a great addition to the region for many reasons.
"This assures affordable power and cleaner air for the future. Also, the new wave of gas power plants supports a healthier and more sustainable job market opportunity for the Commonwealth," Zukas said.
"Projects of this nature require the scale and experience of an engineering, procurement and construction company such as SK E&C USA in order to bring all the other requisite parties to finance, contract, and perform the construction of this great asset," explained Albert Lin, CEO of EmberClear. "We look forward to further progress in maximizing this region of the USA's natural gas abundance, skilled workers, and demand for low-emissions power."
About SK E&C
Since its founding in 1977, SK E&C has continuously pursued stability and growth based on its top-notch technical expertise and outstanding management capabilities in various areas of construction including national infrastructure, housing, plants, eco-friendly incinerators and nuclear power plants, as well as its U-business that includes wireless mobile communication equipment. Through the years SK E&C has been evolving and developing to create "Build the Great: Great Life, Great World." For more information please visit www.skec.com.
SEDCO is a community-based, private, not-for-profit organization with 60 years of experience in assisting companies to locate or expand their operations here. Schuylkill County offers more than 38 miles of frontage along the Interstate 81 corridor as well as very close proximity to east / west connections via Interstates 80 and 78.
SEDCO presently manages 12 industrial sites representing over $1 billion in capital investment. We have extensive experience with project financing, site search and tour services, and facility / park construction and management. We have developed effective partnerships with industry and state and local government and have close working relationships with education and training service providers to assure qualified employment candidates for your business.
Web site www.sed-co.com
EmberClear is an energy developer focused on low emission commercial scale projects around the world. Developing facilities using coal or natural gas as inputs to create electricity or transportation fuels characterizes our plants. We utilize our proven expertise in permitting, site-control, and engineering feasibility to leverage our other assets including a license on IP, control systems, and equipment procurement from Huaneng Clean Energy Research Institute (HCERI, a subsidiary of the world's largest power company, Huaneng Power Group of China). EmberClear also holds surface and mineral rights in Schuylkill County, Pennsylvania. This property lies in the Southern Anthracite coalfield of eastern Pennsylvania, USA. Mineral rights held by the company include Anthracite/PCI coal suitable for the metallurgical industry. EmberClear's shares are listed on the TSX Venture Exchange under the trading symbol "EMB".
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target", "seek", "budget", "predict", "bring", "might" and similar words suggesting future events or future performance. All statements other than statements of historical fact may be forward-looking statements. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: statements about our intention and ability to construct and operate a NGCC plant or other energy project on the property which would economically create power from natural gas. With respect to forward-looking statements contained in this document, we have made assumptions regarding, among other things, the following: the economic viability of a NGCC plant or other project, the emissions generated from a NGCC plant, contracting completion and fulfillment, construction date, commission date, jobs to be generated, natural gas supply, market expansion, construction rates, and energy needs. Although we believe that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: the possibility that EmberClear will not have the financial or other resources to develop, construct or operate such plant or other project. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE: EmberClear Corp.
For further information:
David G. Anderson
Tel: +1 (403) 264-8817