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Leidos buys biomass power facility

Leidos Holdings Inc has assumed ownership of a 37.5 MW (net) biomass-fuelled electric generation facility, being built in Plainfield, Connecticut by Leidos Constructors.

The facility, which will power the equivalent of 37,000 homes, is on schedule to be completed by the end of calendar year 2013. Connecticut Light & Power will purchase power from the plant based on a 15-year off-take agreement, utilizing the plant's status as a renewable power source.

"We've reached this agreement in an effort to maximize the value of our investment for our shareholders," said Leidos chairman and CEO John Jumper. "We believe the facility is an attractive asset for potential buyers, as it is one of the only Class 1 biomass plants in the state of Connecticut.

 

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Bioenergy  •  Policy, investment and markets

 

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