18 May 2006 Navasota Energy Partners LP to Break Ground on Power Plant in Wharton, 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 WHARTON, TEXAS
(WHARTON, TEXAS - MAY 18, 2006) --- Navasota Odessa Energy Partners LP officially announced today that Colorado Bend Energy Center in Wharton, Texas, will break ground on Friday, May 26th. 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 at the site in early March.
Once completed, Colorado Bend 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 Wharton, just southwest of Houston. Colorado Bend 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 Quail Run Energy Center in Odessa, Texas. 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.
"Wharton Economic Development Corporation (WEDC) worked closely with Navasota as well as city, county and education officials to bring the power plant here," said David Schroeder, Executive Director for the WEDC.
According to Navasota President Frank Giacalone, Wharton was chosen for a number of reasons. "The proximity of Wharton to Houston and its readily available natural gas supplies as well as existing electrical infrastructure made the site very attractive, and the receptiveness of the Wharton community really helped seal the deal."
Navasota Energy Partners LP is a Houston-based energy development and asset management company.
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