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New Mexico Power Project Applies to Use State of the Art Carbon Capture and Sequestration.

Publication: Mergers & Acquisitions Business
Publication Date: 21-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Sithe Global Power LLC ("Sithe") announced that it has applied for a $450MM Department of Energy ("DOE") grant under the CCPI 3 program to implement carbon capture and sequestration ("CCS") technology at its Desert Rock Energy Project, a proposed coal-fired power plant to be constructed on Navajo Nation territory in New Mexico.

The DOE's CCPI program was established to accelerate the adoption of CCS technology and to utilize the manufacturing know-how gained from these initial projects to increase the efficiency and to reduce the cost of CCS, thereby proving the commercial viability of the technology and its efficacy in both new and existing power generation facilities. Sithe's affiliate, Desert Rock Energy, is the developer of the New Mexico project.

Desert Rock was...

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