Visions - Winter/Spring 2010 - 8
(continued)
Perennial Power currently owns, operates and manages power plants in North America and provides technical and advisory services to power generation projects in Sumitomo's global portfolio. Perennial Power has 570 megawatt (MW) net equity capacity in the U.S. and operates two of the facilities in its portfolio.
electricity on demand. We produce steam 24/7, but we produce electricity when called upon by Georgia Power.” Naoki Murakata, Senior Vice President of Perennial said the acquisition is just part of a plan to reach an overall energy capacity for Perennial Power and her parent companies. “SC as a whole has 5048 MW of capacity under its control, and 10 percent of that is here in the US,” Murakata said.“We are looking to be at the level of 6300 MW by the end of 2011.We will reach that objective either through the development of new assets, which takes time, or we acquire something that is up and running.We will most likely focus on acquisitions to meet that target because it’s much more difficult to achieve that goal through new development because of the long lead times.” Murakata said that acquisition of assets will occur mostly in the U.S. through Perennial Power; SC will seek acquisition
opportunities in Australia and other areas, but probably focus more on new development in the Middle East and Southeast Asia. And, as part of SCOA’s current search for clean energy opportunities, Perennial Power is actively seeking to acquire clean burning natural gas and compliant modern coal generation in North America; SCOA recently entered the U.S. wind energy business with the purchase of an interest in the 120 MW Stanton wind farm in Martin County,Texas. Kageyama added,“The Mid-Georgia facility integrates well into our global portfolio, and we look forward to the next opportunity.”
For more information, please contact at william Cannon at william.cannon@sumitomocorp.com
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Visions - Winter/Spring 2010
Table of Contents for the Digital Edition of Visions - Winter/Spring 2010
Visions - Winter/Spring 2010
Contents
Summit VetPharm Achieves Success Through Commitment
SCOA Subsidiaries Join Forces for Fundraising Program
Perennial Power Acquires Energy Cogeneration Plant in the Heart of Georgia
Mineral Mining Interests Produce Gold, Silver, Copper and Revenue
2010 Mid-Term Election Year Outlook
Visions - Winter/Spring 2010 - Contents
Visions - Winter/Spring 2010 - 2
Visions - Winter/Spring 2010 - Summit VetPharm Achieves Success Through Commitment
Visions - Winter/Spring 2010 - 4
Visions - Winter/Spring 2010 - SCOA Subsidiaries Join Forces for Fundraising Program
Visions - Winter/Spring 2010 - 6
Visions - Winter/Spring 2010 - Perennial Power Acquires Energy Cogeneration Plant in the Heart of Georgia
Visions - Winter/Spring 2010 - 8
Visions - Winter/Spring 2010 - Mineral Mining Interests Produce Gold, Silver, Copper and Revenue
Visions - Winter/Spring 2010 - 10
Visions - Winter/Spring 2010 - 2010 Mid-Term Election Year Outlook
Visions - Winter/Spring 2010 - 12
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