Good Spring NGCC 2 Represents 300 MW of Reliable Power Generation to Northeast USA
CALGARY, Nov. 13, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EmberClear") is pleased to announce it has filed key documents with regulators and regional transmission operators for a 300 MW natural gas based electricity power plant in Schuylkill County, Pennsylvania.
EmberClear intends to develop Good Spring NGCC 2, a natural gas combined cycle electricity plant capable of serving 300,000 or more households in the Northeastern USA. Site control, feasibility, and PJM-interconnection filings have been accomplished and EmberClear plans to complete all necessary permitting requirements in the coming months. Similar to the original Good Spring NGCC 1 electricity plant, the most advanced and proven turbine technologies available will be incorporated to yield industry leading operating efficiencies. Good Spring NGCC1 and Good Spring NGCC 2 rate 20% more efficient than an average natural gas power plant and 38% more efficient than the average coal fired plant, according to the US Department of Energy EIA 2010 results.
Good Spring NGCC 2 benefits greatly from the experience and relationships obtained during the development of Good Spring NGCC 1. Similar engineering, regulatory requirements, natural gas supplies, pipelines, grid interconnection, and labour market conditions result in meaningful speed and cost savings to take advantage of recent market trends such as the availability and price of natural gas, electricity pricing, and decommissioning coal based power plants in this region of the United States.
"Utilizing our project development methods in this repeatable fashion improves the financial returns, lowers the execution risks, and accelerates the speed to a sale. Our business techniques leverage America's abundance of natural gas and meshes nicely with the intensifying demand for reliable energy," explained Albert Lin, CEO of EmberClear.
James Palumbo, President of EmberClear Power Pennsylvania Inc. ("EPPI") added, "Good Spring NGCC 1 is preparing for construction and undergoing the normal sales process for a developer. Having Good Spring NGCC 2 follow in its footsteps will benefit everyone. We look forward to extending the years of continued community and regulatory support for our efforts with this new project."
As in the case with Good Spring NGCC 1, when construction begins for Good Spring NGCC 2, it could 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.
EmberClear is an energy developer specializing in low emission commercial scale projects around the world. Focused primarily on natural gas in the United States as an input to create electricity, industrial chemicals, or transportation fuels characterizes our current plans. We utilize our proven expertise in permitting, site-control, and engineering feasibility to create turnkey projects with contracted returns suitable for long-term owners and operators of long-life capital assets. 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", "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 permit, 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; commission date; jobs to be generated; economic impact; community and regulatory support; turbine efficiency; the benefits associated with the NGCC 1 plant and the time and cost savings; and energy demands. 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, operate or sell such a plant or other project; the possibility that EmberClear will be able to take advantage of the market trends such as the availability and price of natural gas, electricity pricing and the decommissioning of coal fired plants in the region. 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.
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© 2012 EmberClear Corp.
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SOURCE: EmberClear Corp.
For further information:
David G. Anderson
+1 (403) 264-8817