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VIASPACE & Tibbar Report Progress On Giant King Grass Biogas Power Plant On St. Croix-- Caribbean's First Continuously Renewable, Green Energy, Biomass Power Plant

Stocks in this article: VSPC

WALNUT, Calif., March 3, 2014 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) provided an update on the 7 MW Giant King Grass fueled anaerobic digestion power plant being developed by Tibbar Energy USVI, LLC on St. Croix, US Virgin Islands.

Tibbar Energy presented their 7MW Biogas Project at a CZM (Coastal Zone Management) Public Hearing on February 27 th requesting a CZM permit. The presentation was made by CEO Ms. Tania Tomyn who reported, "The public support was overwhelming from local residents and businesses.  The island of St. Croix is about to see the first project of its kind with Tibbar's anaerobic digestion facility. We will produce lower cost, clean renewable power, create jobs, and develop a local organic fertilizer source that will be offered to local farmers.  We will develop a 1,600 acre energy crop farming operation on the island using mainly Giant King Grass and some native local grasses, and we will use a treated effluent stream from Virgin Islands Waste Management Authority that is currently secondarily treated and discharged to the ocean for irrigation on half of our farms."

Tomyn continued, "Tibbar will also donate 1,000 round bales of hay to the Department of Agriculture for small farmer's livestock. Giant King Grass has grown extremely well on the island of St. Croix since we planted the first nursery 19 months ago."

The CZM Committee has 30 days to approve Tibbar's permit application.  Tibbar has all other permits, including Air, Earth Change, Pipelines, and Electrical duct, submitted, deemed complete and working through the process.  Last July 2013, Tibbar executed with WAPA (the local Government owned utility) a 25 year Power Purchase Agreement with 5 year option for $0.245/kwh and at the same time executed an interconnection agreement. The entire project is carbon neutral and will be the first fossil fuel independent base load power project on St. Croix.

"In addition to Tibbar's power production, we have added to our design a process that will allow Tibbar to produce hundreds of tons of quality organic fertilizer a year," Ms. Tomyn said. "After our crops receive what they need and we have given all the fertilizer we can away to small farmers on the island of St. Croix, we will have an excess that we will export. It's a win-win with a perfect harmony of environmental and economic benefits" 

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