WWAT-great long term play check out todays news also WorldWater & Power Announces Award of 20-Year Solar Electric Power Purchase Contract for Fresno Yosemite International Airport
Thursday April 12, 7:30 am ET
Two Megawatt Project Valued at $16 Million
PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has been awarded a 20-year solar electric power purchase contract by the Fresno City Council for the sale of solar electricity from a 2 MW state-of-the-art solar electric power system to be located at the Fresno Yosemite International Airport. This project represents the largest solar electric project at any airport in the United States. WorldWater will design, build and operate the solar system over the 20 year contract. Fresno solicited proposals from a number of potential providers and subsequently chose WorldWater & Power to install, operate, and maintain this solar array - which is expected to eventually provide up to 40% of the airport's annual power consumption. In total, Fresno is projected to save nearly $13 million in energy costs over 25 years. WorldWater expects to complete the installation by early 2008, making Fresno a leader in utilizing renewable sources to reduce its energy costs and protect the environment.
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"This is a major achievement for WorldWater and follows on the heels of last year's record revenue," commented Quentin T. Kelly, Chairman and CEO of WorldWater. "We won the competitive bid, validating our expertise, experience and advanced technology. We are extremely pleased with the decision of Fresno to take advantage of WorldWater's system to maximize energy performance, resulting in long-term savings for the people of California."
About WorldWater & Power Corp.
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
Contact:
WorldWater & Power
Jessie Sullivan, 609-818-0700 ext. 20
JSullivan@worldwater.com
or
Press:
Mike Breslin Productions LLC
Mike Breslin, 201-652-1287
mbrez@aol.com
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Source: WorldWater & Power Corp.
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