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Adage, Energy Northwest form joint venture

By Anna Austin
Web exclusive posted Feb. 25, 2009, at 2:59 p.m. CST

Adage, a joint venture between electric power company Duke Energy and Areva, an energy products and services vendor, has signed a preliminary agreement with Washington-based power provider Energy Northwest to develop wood waste biomass power plants in Washington, Idaho, Montana and Oregon.

According to the agreement, the companies will market wood biomass-generated power to Energy Northwest's 24 member utilities, as well as other regional utilities. The partnership's goal is to construct and operate 50-megawatt biomass power facilities-each one will provide enough electricity to power about 40,000 homes-within the selected states.

Areva will construct the power plants; Duke Energy Generation Services, a commercial power business unit of Duke Energy, will operate them.

Headquartered in Chadds Ford, Penn., Adage was formed in September 2008. The joint venture between Areva and Duke Energy serves to develop bio-energy solutions for U.S. electricity customers; it has a goal of building and operating 10 to 12 standardized wood-biomass power plants in the U.S. by 2014.
 

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