EmberClear Awards Construction Contract to SK E&C USA for New Natural Gas Project
September 19 2012 - 5:00AM
PR Newswire (Canada)
Pennsylvania Power Plant Will Create 500 New Jobs and Add $1
billion to Local Economy CALGARY, Sept. 19, 2012 /CNW/ - EmberClear
Corp. ("EmberClear") is pleased to announce selection of SK E&C
USA for Engineering, Procurement &
Construction ("EPC") for the 300 MW Good Spring Natural
Gas Combined Cycle ("Good Spring NGCC") power plant in
Pennsylvania. During construction, the Good Spring NGCC power
project will employ approximately 500 workers for two years
culminating in dozens of full time positions for plant operations.
The economic impact to the surrounding area is expected to be more
than $1 billion over 15 years. The Natural
Gas Combined Cycle power plant will use the
latest turbine technology for efficient operations to supply
enough electricity for approximately 300,000 households. Jim
Palumbo, President of Future Power Pennsylvania Inc. ("FPPI"), a
wholly owned subsidiary of EmberClear, reports the Good Spring
NGCC project is on schedule to commission in 2015. The
project is expected to break ground in 2013. "We expect the U.S.
natural gas-based power market to rapidly expand over the
next decade, especially in the Marcellus Shale geography where Good
Spring NGCC is situated. SK E & C has been adding jobs in
the U.S. in response and preparation for this opportunity,"
said Keith Clause, Chief Executive Officer, SK E&C USA.
Frank Zukas, President of the Schuylkill Economic Development
Corporation ("SEDCO") in eastern Pennsylvania, believes the Good
Spring plant will be a great addition to the region for many
reasons. "This assures affordable power and cleaner air for
the future. Also, the new wave of gas power
plants supports a healthier and more sustainable job market
opportunity for the Commonwealth," Zukas said. "Projects of
this nature require the scale and experience of an engineering,
procurement and construction company such as SK E&C USA in
order to bring all the other requisite parties to finance,
contract, and perform the construction of this great asset,"
explained Albert Lin, CEO of EmberClear. "We look forward to
further progress in maximizing this region of the USA's natural gas
abundance, skilled workers, and demand for low-emissions power."
About SK E&C Since its founding in 1977, SK E&C has
continuously pursued stability and growth based on its top-notch
technical expertise and outstanding management capabilities in
various areas of construction including national infrastructure,
housing, plants, eco-friendly incinerators and nuclear power
plants, as well as its U-business that includes wireless mobile
communication equipment. Through the years SK E&C has been
evolving and developing to create "Build the Great: Great Life,
Great World." For more information please visit www.skec.com. About
SEDCO SEDCO is a community-based, private, not-for-profit
organization with 60 years of experience in assisting companies to
locate or expand their operations here. Schuylkill County offers
more than 38 miles of frontage along the Interstate 81 corridor as
well as very close proximity to east / west connections via
Interstates 80 and 78. SEDCO presently manages 12 industrial sites
representing over $1 billion in capital investment. We have
extensive experience with project financing, site search and tour
services, and facility / park construction and management. We have
developed effective partnerships with industry and state and local
government and have close working relationships with education and
training service providers to assure qualified employment
candidates for your business. Web site www.sed-co.com About
EmberClear EmberClear is an energy developer focused on low
emission commercial scale projects around the world. Developing
facilities using coal or natural gas as inputs to create
electricity or transportation fuels characterizes our plants. We
utilize our proven expertise in permitting, site-control, and
engineering feasibility to leverage our other assets including a
license on IP, control systems, and equipment procurement from
Huaneng Clean Energy Research Institute (HCERI, a subsidiary of the
world's largest power company, Huaneng Power Group of China).
EmberClear also holds surface and mineral rights in Schuylkill
County, Pennsylvania. This property lies in the Southern Anthracite
coalfield of eastern Pennsylvania, USA. Mineral rights held by the
company include Anthracite/PCI coal suitable for the metallurgical
industry. EmberClear's shares are listed on the TSX Venture
Exchange under the trading symbol "EMB". For more information
please visit www.emberclear.com. Forward-Looking Statement
Disclaimer Certain statements contained in this document constitute
forward-looking statements or information (collectively
"forward-looking statements") within the meaning of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "anticipate", "continue", "estimate",
"expect", "forecast", "may", "will", "project", "could", "plan",
"intend", "should", "believe", "outlook", "potential", "target",
"seek", "budget", "predict", "bring", "might" and similar words
suggesting future events or future performance. All statements
other than statements of historical fact may be forward-looking
statements. In particular, this document contains
forward-looking statements pertaining to, without limitation, the
following: statements about our intention and ability to construct
and operate a NGCC plant or other energy project on the property
which would economically create power from natural gas. With
respect to forward-looking statements contained in this document,
we have made assumptions regarding, among other things, the
following: the economic viability of a NGCC plant or other project,
the emissions generated from a NGCC plant, contracting completion
and fulfillment, construction date, commission date, jobs to be
generated, natural gas supply, market expansion, construction
rates, and energy needs. Although we believe that the
expectations reflected in the forward-looking statements contained
in this document, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on forward-looking statements included
in this document, as there can be no assurance that the plans,
intentions or expectations upon which the forward-looking
statements are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause our actual performance
and financial results in future periods to differ materially from
any estimates or projections of future performance or results
expressed or implied by such forward-looking statements.
These risks and uncertainties include, among other things, the
following: the possibility that EmberClear will not have the
financial or other resources to develop, construct or operate such
plant or other project. Readers are cautioned that this list of
risk factors should not be construed as exhaustive. The
forward-looking statements contained in this document speak only as
of the date of this document. Except as expressly required by
applicable securities laws, we do not undertake any obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly
qualified by this cautionary statement. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. © 2012
EmberClear Corp. All rights reserved. All other trademarks are the
property of their respective owners. EmberClear Corp. CONTACT:
David G. AndersonCFOTel: +1 (403) 264-8817
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