Good Spring NGCC 2 Represents 300 MW of Reliable Power
Generation to Northeast
USA
CALGARY, Nov. 13, 2012 /CNW/ - EmberClear Corp. (TSXV:
EMB) ("EmberClear") is pleased to announce it has filed key
documents with regulators and regional transmission operators for a
300 MW natural gas based electricity power plant in Schuylkill County, Pennsylvania.
EmberClear intends to develop Good Spring NGCC
2, a natural gas combined cycle electricity plant capable of
serving 300,000 or more households in the Northeastern USA. Site control, feasibility,
and PJM-interconnection filings have been accomplished and
EmberClear plans to complete all necessary permitting requirements
in the coming months. Similar to the original Good Spring NGCC 1
electricity plant, the most advanced and proven turbine
technologies available will be incorporated to yield industry
leading operating efficiencies. Good
Spring NGCC1 and Good Spring NGCC 2 rate 20% more efficient
than an average natural gas power plant and 38% more efficient than
the average coal fired plant, according to the US Department of
Energy EIA 2010 results.
Good Spring NGCC 2 benefits greatly from the
experience and relationships obtained during the development of
Good Spring NGCC 1. Similar engineering, regulatory requirements,
natural gas supplies, pipelines, grid interconnection, and labour
market conditions result in meaningful speed and cost savings to
take advantage of recent market trends such as the availability and
price of natural gas, electricity pricing, and decommissioning coal
based power plants in this region of the
United States.
"Utilizing our project development methods in
this repeatable fashion improves the financial returns, lowers the
execution risks, and accelerates the speed to a sale. Our business
techniques leverage America's abundance of natural gas and meshes
nicely with the intensifying demand for reliable energy," explained
Albert Lin, CEO of EmberClear.
James Palumbo,
President of EmberClear Power Pennsylvania Inc. ("EPPI")
added, "Good Spring NGCC 1 is preparing for construction and
undergoing the normal sales process for a developer. Having
Good Spring NGCC 2 follow in its
footsteps will benefit everyone. We look forward to extending the
years of continued community and regulatory support for our efforts
with this new project."
As in the case with Good Spring NGCC 1, when
construction begins for Good Spring NGCC 2, it could 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.
About EmberClear
EmberClear is an energy developer specializing
in low emission commercial scale projects around the world. Focused
primarily on natural gas in the United
States as an input to create electricity, industrial
chemicals, or transportation fuels characterizes our current plans.
We utilize our proven expertise in permitting, site-control, and
engineering feasibility to create turnkey projects with contracted
returns suitable for long-term owners and operators of long-life
capital assets. 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", "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 permit,
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;
commission date; jobs to be generated; economic impact; community
and regulatory support; turbine efficiency; the benefits associated
with the NGCC 1 plant and the time and cost savings; and energy
demands. 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, operate or sell such a plant or
other project; the possibility that EmberClear will be able to take
advantage of the market trends such as the availability and price
of natural gas, electricity pricing and the decommissioning of coal
fired plants in the region. 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.
SOURCE EmberClear Corp.