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Cogen and pellet plant joint venture signed

NEWS HIGHLIGHT

Cogen and pellet plant joint venture signed
Biomass Secure Power and the Lower Nicola Indian Band (LNIB) have signed an agreement to build a biomass-fueled cogeneration power plant and a pellet mill.


September 9, 2009
By Canadian Biomass

Sept. 9, 2009, Vancouver – Biomass Secure Power and the Lower Nicola Indian Band (LNIB) have signed an agreement to build a
biomass-fueled cogeneration power plant and a pellet mill in British Columbia. The joint venture will be
developed under the name of Shulus Power, with each party owning 50% of
the project. LNIB will provide the fibre and 25 acres on which the plant
will be built. Biomass Secure Power will provide the engineering
expertise to design, build, and operate the plant. Construction of the plant
is expected to be completed by December 2010.


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