Victor Valley To Save Taxpayers Millions By Entering Into A Power Purchase Agreement With Anaergia
BURLINGTON, ON, April 2, 2013 /PRNewswire/ - Anaergia Inc. ( www.anaergia.com) today announced that the Victor Valley Wastewater Reclamation Authority (VVWRA) unanimously voted to enter a 20 year power purchase agreement with Anaergia to save the taxpayers millions of dollars over the life of the project.
Anaergia will utilize biogas currently being flared to produce thousands of megawatt hours of renewable electricity each year. The energy will be used onsite for plant operations and will reduce the dependency for energy from local utilities.
Anaergia will design, build, and own the renewable energy system with no capital cost to Victor Valley. "We're very fortunate to have the ability to turn that waste into energy and reduce the costs to our ratepayers long into the future," said VVWRA Commissioner and Apple Valley Town Councilman Scott Nassif. "It's an exciting project for the agency."
"I think this is a very important move as the Edison rates will be going up for all, and we'll be able to stabilize our rates for a 20-year period, which should make our ratepayers very happy," added VVWRA Commissioner and Hesperia City Councilman Russ Blewett.The project provides a benchmark for the industry, proving that energy independence can be obtained without capital investment under a power purchase agreement. "A lot of eyes will be watching VVWRA once this projects becomes active, and we can't wait to show them how successful this technology will be," said Logan Olds, VVWRA's General Manager. "We are very proud to be selected by VVWRA as their trusted partner to demonstrate a cost effective way to make North American wastewater treatment plants energy self-sufficient." said Steve Watzeck, CEO of Anaergia. About VVWRA The Victor Valley Wastewater Reclamation Authority is an independent agency that is equally governed by leaders from its member agencies, which include Apple Valley, Hesperia, Victorville, Oro Grande and Spring Valley Lake. About Anaergia Inc. Anaergia Inc. is a global leader in offering sustainable solutions for the generation of renewable energy and the conversion of waste to resources. Through its subsidiaries, Anaergia is trusted at more than 1,600 operational renewable energy projects globally. Anaergia operates out of 16 offices globally across North America, Europe and Asia. SOURCE Anaergia Inc.
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