Laidlaw Berlin has announced that it has filed an application with the operator of the New England power grid, ISO New England, for the interconnection of its Berlin, New Hampshire, biomass energy project. "This is yet another significant milestone in the development process of the project," said Michael Bartoszek, CEO.
Separately, Laidlaw announced that the 30 day appeal period in connection with the January 10, 2008, unanimous approval for the subdivision of the former Fraser pulp mill site in Berlin to be acquired by Laidlaw has expired without any appeals. This paves the way for the imminent closing of acquisition and related financing. Laidlaw is currently in the process of finalizing these arrangements.
About the Berlin, NH Biomass-Energy Project
The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60 megawatts of renewable energy to the New England power grid and utilize over 700,000 tons of clean wood biomass chips per annum.
The project involves a capital investment of over $80 million by Laidlaw and its investors and is expected to employ 40 directly and create over 500 indirect jobs. Once completed, the plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.
