SAIC and Carlyle Group finance 225 million Plainfield Renewable Energy biomass project

SAIC

SAIC and Carlyle Group finance 225 million Plainfield Renewable Energy biomass project


By
GreenTech Lead Team:
Science Applications International
Corporation (SAIC) and the Carlyle Energy Mezzanine Opportunities Group
(Carlyle) partnered to finance a construction of $225
million Plainfield Renewable Energy (PRE) biomass project. SAIC will also
provide engineering, procurement, and construction services for the project under
a fixed-price.

“At
SAIC, we help our customers tackle the growing need for a renewable and secure
energy supply. This project requires an integrated set of capabilities across
our energy, environment and infrastructure organization and will result in an
innovative biomass facility that contributes to a secure and clean energy
supply in the New England region,” said J.T. Grumski, senior vice
president and business unit general manager, SAIC.

The PRE
project will convert wood waste to renewable energy through a unique, proven
and low-risk gasification process. The plant will employ Best Available Control
Technology (BACT) to control emissions and is fully certified as a renewable
power source in the State of Connecticut. The PRE project will generate
37.5 megawatts of clean energy from construction and demolition (C&D)
debris, recycled wood pallets, and land clearing materials.

The
project is expected to create 400 jobs – 300 during the two years of
construction and 100 direct and indirect permanent positions. The PRE project
is owned by a subsidiary of Enova Energy Group and
located on a 27-acre site in Plainfield, Connecticut.

“Enova
is proud to work with SAIC and Carlyle on this state-of-the-art project that
will not only power the community but also create jobs, foster economic growth,
and promote a better world in which to live,” said  Zachary
Steele, chief executive officer of Enova Energy Group.

Connecticut
Light & Power will purchase power from the plant based on a 15-year
off-take agreement. The project is scheduled to complete in December 2013.

SAIC recently
announced it was awarded a prime contract by the U.S. Environmental Protection Agency (EPA), Climate
Change Division (CCD) to provide technical and outreach services for the
development and implementation of the Greenhouse Gas Reporting Program (GHGRP).

 

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