VIR 0.00% 1.4¢ virgo resources ltd

government handouts and easy profits, page-3

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 334 Posts.
    USA landfill gas

    The Fund owns a portfolio of 8 landfill gas fuelled power generation projects located in Texas and California, with a total installed capacity of 42 MW.

    The Atascocita, Baytown, Blue Bonnet, Coastal Plains, Conroe and Security projects in Texas were originally developed by Reliant Energy, Inc. using equipment supplied by Jenbacher, who provide ongoing operations and maintenance services to the projects. Landfill gas is supplied to the projects under fuel supply agreements with Waste Management Inc, which owns and operates the landfill sites and associated gas collection systems. Reliant Energy Electric Solutions, Inc. purchases the Texas Renewable Energy Credits from all six projects and the electricity from four of the projects. The remaining two projects sell their electricity output as “qualifying facilities” under the Public Utilities Regulatory Policy Act.

    The Penrose and Toyon projects in California source landfill gas from the Penrose, Bradley and Toyon Canyon landfill sites. Electricity produced by the projects is sold under long term power purchase agreements with Southern California Edison and the City of Los Angeles
 
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