DH Enchantment Inc (ENMI)

[ajacobs]

News out for ENMI! Itochu to join $500 mln biomass power plant project!

URL:

[yahoo]
http://us.rd.yahoo.com/finance/external/reuters/SIG=13u5jhpjr/*http%3A//www.reuters.com/article/2011/07/06/renewables-itochu-idUSL3E7I60SK20110706?feedType=RSS&feedName=companyNews&rpc=43

[reuters]
http://www.reuters.com/article/2011/07/06/renewables-itochu-idUSL3E7I60SK20110706?feedType=RSS&feedName=companyNews&rpc=43

[full article]
TOKYO, July 6 | Wed Jul 6, 2011 3:26am EDT

(Reuters) - Japanese trading house Itochu Corp said on Wednesday it would join a $500 million project to build a 100-megawatt biomass power plant in Gainesville, Florida.

Itochu's wholly owned subsidiary Tyr Energy and three firms -- BayCorp Holdings, Energy Management, and Fagen -- will co-fund the project, Itochu said.

The plant will start operations in 2013, with power output to be supplied to the regional power firm, Gainesville Regional Utilities, for 30 years, the company said. (Reporting by Osamu Tsukimori; Editing by Chris Gallagher)