VIASPACE Inc. (OTC: VSPC) on Jan. 20 reported that its customer, Tibbar Energy USVI, states that required permits will be in place by February and construction is scheduled to begin in second quarter of 2015 on a 7-MW anaerobic digestion biogas power plant in the U.S. Virgin Islands.
The majority feedstock for the plant will be VIASPACE’s Giant King Grass. Tibbar will sell power for 25 years with an additional five-year option to the USVI Water and Power Authority.
Tania Tomyn, Tibbar Energy CEO, stated: “We will have all of our pre-development permits in place. It’s been a long and busy three years of hard work developing the farms, the engineering for the biogas plant and working with so many great suppliers and advisers around the world, and the different agencies of the US Virgin Islands government – we would not be here without them. … The Giant King Grass nurseries are ready to be transplanted to the new farms once cleared and irrigation is installed. The project should start construction second quarter of 2015. Our agriculture team likes the results from the Giant King Grass that has been growing on the island for over two years now and they see how well it fits in the US Virgin Islands as a tropical perennial grass for energy production.”
VIASPACE Chairman Dr. Kevin Schewe said: “VIASPACE and our partner, Tibbar Energy, have mutually shared a vision to construct and implement the Caribbean’s first carbon neutral, base load, green/renewable electric power plant on the island of St. Croix.”
Dr. Schewe added: “We believe that the successful implementation of this project will be widely recognized as establishing green, renewable energy leadership in the Caribbean region and will open many new doors for similar projects. We hope that it will create a “Caribbean green energy tsunami” that sweeps the region over the next decade and establishes global leadership for renewable, carbon-neutral, green energy projects in tropical and subtropical destinations.”
VIASPACE grows its grass: as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. GiantKing Grass is a proprietary, high yield, dedicated biomass energy crop. Giant King Grass when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. Giant King Grass is being grown in California, Hawaii, St. Croix Virgin Islands, Nicaragua, South Africa, China, Myanmar, Pakistan, Philippines and Guyana.