Energy Quest to Build Modular Bioenergy Power Plant in Georgia
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Energy Quest Inc. (EQI), Henderson, Nev., USA, this past week announced that it will begin preliminary work on a modular biomass (agricultural waste) to power energy plant producing 6.4 MW (6 net MW), to be located in Lee County, Ga. The plant will consist of four 1.6 MW (1.5 net MW) modular power systems.
The modular gasification bio-energy plant will consume 10 to 12 tons per hour of agricultural waste biomass that will be provided from the surrounding area. The plant will produce approximately 6 MW of electrical power which will be sold to the area utility or Co-Op.
The gasification system used to produce gas for the power plant generator engines will also produce 16,000 to 18,000 tons per year of a high quality Biochar that will be sold as a soil enhancement product. The plant will operate 24 hr a day and, when completed, will provide 20 full time jobs. EQI would be an owner and operate the facility.
Energy Quest's modular gasification design will result in lower set up costs and increased efficiencies. The gasifiers will provide clean syngas fuel for the power generators.
Estimated cost of the bio-energy project is $12 million. A rudimentary pay out time (POT) calculation based on conditions of 2010 using gross revenues of $6,500,000 with net revenues after tax of $3,200,000 annually will be less than four years. It is felt that the project is economically more attractive than this figure may initially indicate as various government grants, recyclables, and incentives (not taken in consideration in the POT calculations) are available for projects of this nature.
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