FinancialContent is the trusted provider of stock market information to the media industry.
January 04, 2012 at 13:06 PM EST
enXco and KCP&L Sign Power Purchase Agreement for 100.8 MW Spearville 3 Wind Energy Project

SAN DIEGO, CA -- (Marketwire) -- 01/04/12 -- enXco, an EDF Energies Nouvelles Company, and KCP&L have entered into a Power Purchase Agreement (PPA) for a 100.8 megawatt wind energy facility to be built in Ford County, Kansas, 17 miles northeast of Dodge City. The agreement was finalized in November 2011.

enXco will develop, build, and own the Spearville 3 Wind Project, consisting of 63 General Electric (GE) XLE turbines, while KCP&L will buy the power generated under a 20-year power purchase agreement.

The project anticipates the commencement of construction in late Q1 2012 with expected commercial operation achieved by the end of December 2012.

"The project's proximity to other enXco developed wind facilities, along with near-term constructability and advanced development status, allows both development and transmission synergies," said Tristan Grimbert, president & CEO of enXco. "We look forward to once again delivering a successful project to our utility partner who has demonstrated both trust and confidence in the EDF EN Group to deliver wind projects and diversify their generation portfolio."

"In this region of the country, wind is an abundant renewable resource. We believe that pursuing wind energy development at this time will bring the benefits of that resource to our customers," said Terry Bassham, president and chief operating officer of KCP&L.

With Spearville 3, enXco has developed 52 renewable energy facilities representing over 3,300 megawatts.

About enXco, an EDF Energies Nouvelles Company:
enXco (www.enxco.com) -- an EDF Energies Nouvelles Company (www.edf-energies-nouvelles.com) -- develops, constructs, owns, operates and manages renewable energy projects throughout the United States. For more than two decades, we have been a leader in wind-energy focusing on large-scale wind projects. Today enXco's portfolio includes solar and biomass technologies, in an effort to help drive our nation's transition to a sustainable energy economy. enXco is a significant owner and developer of wind-energy installations in the United States, and is the leading third-party operations & maintenance provider for wind farms in North America.

About KCP&L:
Headquartered in Kansas City, Mo., Great Plains Energy Incorporated (NYSE: GXP) is the holding company of Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company, two of the leading regulated providers of electricity in the Midwest. Kansas City Power & Light Company and KCP&L Greater Missouri Operations Company use KCP&L as a brand name. More information about the companies is available on the Internet at www.greatplainsenergy.com or www.kcpl.com.

Media Contact:
Sandi Briner
Director, Marketing & Communications
858.521.3525
Email Contact

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More