NEW YORK, Oct 10, 2006 -- BUSINESS WIRE

 

Laidlaw Energy Group, Inc. (OTC: LLEG) announced today that its affiliate, Laidlaw EcoPower, LLC, plans to build what it believes will be the nation's cleanest commercial biomass energy plant. Laidlaw EcoPower, LLC is a joint venture between Laidlaw Energy and EcoPower, LLC. The proposed project will be situated at an existing biomass energy plant located in Central New Hampshire. Once completed, the proposed project will generate approximately 16 megawatts of gross electric capacity.

The proposed project involves making upgrades to the combustion system of a current non-operating 16 megawatt biomass energy facility and incorporating state-of-the-art combustion control equipment, supplemented with a highly advanced emissions control system. The result will enable the plant to resume operations in 2007 and generate a significant amount of clean, green energy for export to the power grid.

Representatives of Laidlaw Energy and EcoPower will be in New Hampshire on Wednesday to meet with the Governor and certain members of the Executive Council, as well as senior environmental and economic development staff, in an effort to elicit their support in moving forward expeditiously with this highly beneficial project.

Aside from the creation of a significant amount of renewable energy, the project will create over 25 new jobs, provide secondary economic benefits through its significant use of trucking, forest products and other local resources, and also provide significant environmental benefits associated with its very low emissions.

About Laidlaw Energy Group - Cleaner Energy for a Greener Future.

Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through development, acquisition, conversion of existing facilities and through partnering with manufactures that have significant electric and thermal needs. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at NYENRG.com.

This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE: Laidlaw Energy Group, Inc.

News Provided By