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ENRON WIND CORP. ANNOUNCES COMPLETION OF 80 MW IOWA WIND POWER PROJECT
FOR IMMEDIATE RELEASE: Wednesday, April 21, 1999
TEHACHAPI, Calif. - Enron Wind Corp., a subsidiary of Enron Corp., announced the completion of construction of the 80.25-megawatt Storm Lake II Wind Power Generation Facility near Alta, Iowa.
The Storm Lake project, constructed, owned and operated by Enron Wind Corp., will deliver wind-generated electricity to IES Industries, Inc. (IES) through a 20-year power purchase agreement. IES is a subsidiary of Alliant Corporation, headquartered in Cedar Rapids, Iowa.
“In just under seven months, we have added 80 megawatts of new green capacity to Iowa’s energy mix,” said Kenneth Karas, chairman and CEO of Enron Wind Corp. “This project is a world class power facility, and, located in farm fields, truly demonstrates the versatility and compatibility of wind as a power source.”
The Storm Lake project, located on productive farmland in northwest Iowa’s Buena Vista and Cherokee counties, features 107 Z-750-kilowatt wind turbines manufactured by Zond Energy Systems, Inc., the North American manufacturing arm of Enron Wind Corp. Rated at 750 kilowatts, the project’s wind turbines are the largest manufactured in the United States.
The Storm Lake II facility will generate approximately 255,000 megawatt hours of clean electricity annually. The installation will provide enough power to serve the needs of 36,000 average American households or 70,000 people. If coal were burned to generate the same amount of electricity, more than 130,000 tons per year would be required. Annually, based on the U.S. annual fuel mix, the project is expected to offset more than 392 million pounds of carbon dioxide, the leading greenhouse gas associated with global warming.
Enron Wind Corp. is a pioneer and world leader in the power generation market and a fully integrated wind power company. Enron Wind Corp. provides power plant design and engineering, project development, financing, and operations and maintenance services, and designs and manufactures state-of-the-art wind turbines in California and Germany ranging in size from 550 kW to 1.5 MW. The company has designed and constructed more than 3,900 wind turbines comprising 1,000 MW of green capacity. The company’s Internet address is: www.wind.enron.com.
Enron Corp. is one of the world’s leading integrated electricity and natural gas companies. It owns approximately $30 billion in energy related assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide and delivers physical commodities and risk management and financial services to customers around the world. Enron’s Internet address is: www.enron.com. Its stock is traded on the NYSE under the ticker symbol, “ENE.”
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For additional information please contact:
Karen Denne
(713) 853-9757
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