Source: Gradient Resources
Vertically integrated developer of geothermal energy projects, Gradient Resources has executed an engineering, procurement and construction (EPC) contract with Science Applications International Corporation's (SAIC) (NYSE:SAI) wholly-owned, design-build subsidiary, Benham Constructors LLC, for the delivery of a new 60-megawatt modular binary cycle power plant at its Patua project in northern Nevada.
Gradient's Patua site, near Fernley NV, is the company's first geothermal power plant. Drilling at Patua recommenced in February 2010. Physical construction of the first 60 MW phase of the power plant will begin in the second quarter of 2011; and the anticipated date for commercial operations is the 3rd quarter of 2012.
"Gradient is pleased to achieve this significant milestone in the development of its Patua project," said Craig Mataczynski, CEO. "The opportunity to partner with strong companies like SAIC and TAS will help make the project successful and support continued development of the geothermal industry."
"TAS is excited to partner with SAIC and Gradient to build the largest binary plant that has ever been constructed," said Craig Hurlbert, Chairman & CEO of TAS Energy Inc. "This is an opportunity for TAS to showcase our Advanced Supercritical Organic Rankine Cycle and improved air cooled design technology."
SAIC's technology partner for this project is TAS Energy Inc. (TAS), of Houston, Texas.