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St. Croix Giant King Grass-Fueled Electric Power Plant Design Approved By Public Services Commission

WALNUT, Calif., Dec. 20, 2012 (GLOBE NEWSWIRE) -- VIASPACE Inc. (OTCQB:VSPC) today announced that on Tuesday, December 18, 2012, the St. Croix Public Services Commission ( PSC) voted to approve Tibbar Energy's facility design for a 6MW anaerobic generator that uses VIASPACE's proprietary Giant King™ Grass as the source of continuously renewable green energy fuel. The story was carried by the "St. Croix Source" publication on Wednesday, December 19, 2012 and is quoted below:

"A plan to grow 1,500 acres of hybrid Giant King Grass on St. Croix and convert it to bio-fuel for generating electricity took a step forward Tuesday night when the Public Services Commission approved Tibbar Energy USVI's application for facility design.

By a vote of 4-0 with two absent, the PSC approved the application at its monthly meeting on St. Thomas with St. Croix commissioners Sirri Hamad and Joseph San Martin joining newly elected Commission Chairman M. Thomas Jackson and Vice-Chairwoman Elsie V. Thomas-Turton via teleconference to form a quorum.

Tibbar Energy owner Tanya Coleman and legal counsel Kevin A. Rames presented an overview of the company and adding that Giant King Grass is a fast-growing, high yield grass that is neither genetically modified nor invasive.

The Tibbar representatives told the commission the grass does not compete with other crops, is similar to sugar cane and uses a high -nutrient fertilizer water which will not deplete the soil. Farmers will be provided with free fertilizer.

Tibbar plans to create 40 new jobs in the project, they said, and hopes to harvest 500 to 600 tons a day, running the grass through an anaerobic generator which can produce up to seven kilowatts per hour. Tibbar is pursuing a contractual rate with the Water and Power Authority, Coleman said, adding that Tibbar 'can begin to provide power by Jan. 1, 2014.' "

Stock quotes in this article: VSPC 

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