18 May 2006 Navasota Energy Partners LP to Break Ground on Power Plant in Odessa, Texas
FOR IMMEDIATE RELEASE
Contact: Christi Callicoatte
CVA Advertising & Marketing
432.368.5483
PublicRe@navasotaenergy.com
NAVASOTA ENERGY PARTNERS LP TO BREAK GROUND ON POWER PLANT IN ODESSA, TEXAS
(ODESSA, TEXAS - MAY 18, 2006) --- Navasota Odessa Energy Partners LP officially announced today that Quail Run Energy Center in Odessa, Texas, will break ground on Wednesday, May 24th. The ceremony will take place at the site (see map attached) at 10:00 a.m. and will be attended by local and state officials. Construction activities began on site in early March.
Once completed, Quail Run Energy Center will be a 550-megawatt, gas-fired combined cycle power plant that will be built in two separate 275 megawatt phases and will be located in the newly-expanded Odessa Business Park. Quail Run received its air permit from the Texas Commission of Environmental Quality in February 2006.
The new facility will be designed using state-of-the-art emissions control technology that meets or exceeds all state and federal regulations for a plant of this type. The initial staff on site will consist of at least 14 highly-skilled employees and there will be between 150 and 200 employed at the peak of each construction phases.
Navasota will also break ground this month on Colorado Bend Energy Center southwest of Houston. These are the first significant non-utility, natural gas-fired plants to be started since 2003. "The majority of the state's proposed facilities will not be online until 2010-2011 and Navasota will have the only large plants coming online in 2007 and maybe 2008," said Dan Hudson, Chief Financial Officer for Navasota.
The Odessa Development Corporation was instrumental in bringing Quail Run to Odessa, said Neil McDonald, Director of Economic Development for the Odessa Chamber of Commerce. "The partnership with ODC, Odessa Industrial Development Corporation, the Chamber of Commerce and the City of Odessa has made Quail Run Energy possible here in Odessa. We all look forward to this new venture together." The Odessa Development Corporation was also responsible for bringing what will now be Quail Run Energy's neighbor, Odessa Ector Power Partners.
"We were looking for a community that wanted us, and Odessa knew how to respond," said Giacalone. "The economic development staff here really guided us through the process and gave us the opportunity to work with the City of Odessa, Ector County, the Odessa Chamber of Commerce, ODC, OIDC, Odessa Junior College, Ector County Hospital District, and other officials. We have been very happy with city's attitude and commitment to economic growth.
Navasota Energy Partners LP is a Houston-based energy development and asset management company.
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