WALNUT, California, March 24, 2014 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) today announced that the company has signed a contract with Mesquite Lake Water and Power LLC to provide Giant King Grass for a biomass power plant and a companion advanced biofuels facility in Imperial, California.
Mesquite Lake Water and Power, LLC is a participating company in Mesquite Lake Energy Park, LLC (ML Energy Park).
Mr. Rodney L. Williams, managing member of Mesquite Lake, stated, "Our company is developing a biomass energy park in the fertile Imperial Valley of California. We first purchased the closed 18 MW biomass power plant in Imperial, California. We plan to restart the power plant (ML Energy Park Plant #1) and fuel it with a combination of wood waste and Giant King Grass. The power plant was damaged in the 2010 earthquake, but this damage will be repaired. The power plant is connected to the grid and was fully permitted and operational in 2010."
Williams continued, "Another part of the ML Energy Park will be the Mesquite Lake Cattle Manure Power Plant which is adjacent to Plant #1. This power plant is also closed at this time. It was designed to gasify cattle manure and produce 16 MW of electricity. We plan to convert this facility (Plant #2) to produce advanced biofuels using the dedicated energy crop Giant King Grass as the feedstock. Between the two plants, there is plenty of land for our energy park. We are connected to the grid and there is an adjacent natural gas pipeline. We are experienced in agriculture and have access to land to grow Giant King Grass. The Imperial Valley has ideal weather for Giant King Grass and there is plenty of water for irrigation. I am excited to see the development of this new dedicated energy crop in the Imperial Valley."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV