July 4, 2016
America’s largest portfolio of new hydroelectric projects on existing dams receives four FERC licenses for projects in the Yazoo River Basin in Mississippi.
BOSTON, Jan. 20, 2016 /PRNewswire/ — FFP New Hydro LLC announced today the receipt of Hydropower licenses from the Federal Energy Regulatory Commission (FERC) for four projects located in the Yazoo River Basin in Mississippi, at existing flood control facilities owned and operated by the US Army Corps of Engineers. The four projects are expected to have a generating capacity of 33 megawatts (MW), enough to power over 15,000 homes with clean, reliable, low cost energy.
“The development of the Yazoo River basin hydropower projects will represent an investment of more than $80 million in the state of Mississippi, creating hundreds of jobs during construction, operations and maintenance,” said Ramya Swaminathan, CEO of FFP New Hydro.
The Hydropower projects, at the Arkabutla, Enid, Sardis and Grenada dams have gone through an extensive study process at the FERC, and the licenses represent the culmination of over four years of significant investment and effort. The projects are expected to start construction in 2017 and commence operations in 2018.
Mississippi Governor Phil Bryant stated, “Mississippi continues to be a leader in providing affordable and reliable energy. With FERC’s approval of licenses for the hydropower projects at Arkabutla, Enid, Sardis and Grenada dams, this represents a significant new investment in our state as well as additional clean power sources that will help meet the power demands of our economy in the immediate future.”
About FFP New Hydro
FFP New Hydro LLC has a portfolio of 23 hydropower development projects on existing dams in PA, WV, OH, MS, KY, IN, and LA totaling over 260 MW. These projects are low impact run-of river hydropower development projects, which will, when constructed, provide clean, renewable power in their host communities for generations to come.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including statements relating to the Muskingum River Hydro partnership, the project’s expected energy performance, as well as other future economic and industry conditions. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are also set forth in AECOM’s quarterly report on Form 10-Q for the period ended December 31, 2015, and other reports filed with the U.S. Securities and Exchange Commission. The parties do not intend and undertake no obligations to update any forward-looking statements.
– NR 16-0301
FFP New Hydro: