SAIC, Enova Energy Group, Carlyle Group launch $225 million biomass project
The PRE project is owned by a unit of Enova Energy Group and located on a 27-acre site in Plainfield, Connecticut
Plainfield, Conn., January 9, 2012 — Science Applications International Corp. (SAIC) and the Carlyle Energy Mezzanine Opportunities Group announced an agreement to provide financing for construction of the $225 million Plainfield Renewable Energy biomass project. SAIC will also provide engineering, procurement and construction services for the project under a fixed-price, date certain contract.
The PRE project is owned by a unit of Enova Energy Group and located on a 27-acre site in Plainfield, Connecticut. 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 project will create 400 jobs — 300 during the two-years of construction and 100 direct and indirect permanent positions.
The PRE project will generate 37.5 MW (net) of clean energy to power the equivalent of 37,000 homes. The project will consume wood readily available from various sources such as construction and demolition debris, recycled wood pallets and land clearing materials.
Connecticut Light & Power will purchase power from the plant based on a 15-year off-take agreement, using the plant's status as a renewable power source. The PRE project has all necessary permits to construct the facility and anticipates completion in December 2013.
The New England region has long been a leader in materials recycling, with the PRE project supporting that through the consumption of wood waste to produce renewable energy through a unique, proven and low-risk gasification process. The plant's location is also advantageous as a beneficial re-use of a former Superfund site.