WorldWater & Power Awarded $4.9 Million Contract to Build Solar Systems for Hightstown, New Jersey
Posted on: Tuesday, 16 May 2006, 09:04 CDT
WorldWater & Power Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced the signing of a contract with the Borough of Hightstown in Central New Jersey to build two solar power systems on water facilities, subject to financing. One installation will serve a water treatment plant and public works garage, while the other will power a wastewater treatment facility. Construction value of the complete project is $4.9 million.
On signing the contract, Mayor Robert Patten of Hightstown said, "We are proud to offer our community clean power that saves money - from the first day through at least 10 years - by working with WorldWater & Power Corp. Our water utilities can be powered by the WorldWater solar systems with no capital outlay and with reduced annual electricity costs guaranteed. I am confident that WorldWater & Power Corporation will be a long term partner in assisting Hightstown to become more prosperous and efficient."
Under WorldWater's Alternative Clean Energy Service (ACES) plan, the Borough of Hightstown will purchase solar electricity from an external financial entity, arranged by WorldWater, at a rate that is guaranteed to be lower than the rate they would pay their conventional electric utility. WorldWater & Power will design, install and maintain the system. Solar power will automatically run in parallel with the public utility for seamless and improved reliability.
Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented, "We're delighted to be working with the forward-looking officials in Hightstown. With the general rise in costs of government services, more and more New Jersey municipal and county governments are considering our solar electric systems as a logical, environmentally smart way to reduce operating costs and better serve their residents. In particular I congratulate Hightstown's Mayor, Robert Patten, and the Borough Council for their leadership in recognizing the added values of clean, economical solar power."
About WorldWater & Power Corp:
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
Source: Business Wire
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