In a press release issued late last week, The Municipality of Meaford has provided some additional background information about Partners Energy Group (PEG), the company with whom the municipality is currently negotiating a memorandum of understanding (MOU) as a first step toward exploring the potential for a waste-to-energy facility in Meaford.
“The Council of The Municipality of Meaford has given approval to CAO Frank Miele to enter into a Memorandum of Understanding (MOU) with Partners Energy Group (PEG) to build a sustainable distributed Bio-Energy Facility in Meaford. PEG’s objective is to build waste to energy power co-generation facilities within the regulatory environment of Ontario’s Feed-in-Tariff program and the laws of the Green Energy Act of Ontario,” read the press release.
As reported in The Independent on October 25, phase one of this proposal involves making an application to Ontario Power Authority (OPA) in order to determine if there is capacity on the electical grid for such a project.
“The MOU is a first step in the creation of a partnership between the Municipality of Meaford and PEG. Community projects/partnerships are given stronger consideration by the OPA than those that are solely proposed by the private sector. Council approved an expenditure of $51,000 and in return Meaford will receive 51 percent of net revenue from the power generated,” said the municipality in the press release.
Miele has assured council that there is no financial risk for the municipality in negotiating the MOU since the financing and operation of the facility would be the responsibility of PEG. If the application to the OPA is rejected, Miele has said that the $51,000 would be returned less an administration fee.
“Through entering into an MOU with Partners Energy Group the municipality has the opportunity to move significantly towards the goal of being economically and financially sustainable through new green energy initiatives. Council has provided strong leadership on this very important pillar in our economic development strategy and has mandated staff to proactively seek out opportunities,” said Francis Richardson, Mayor of the Municipality of Meaford.
The proposed project supports the goals of the Meaford Economic Development Strategy and the Corporate Vision of the municipality stresses the CAO.
“The Meaford Economic Development Strategy (MEDS) and our Corporate Meaford Vision 2020, staff has committed to Council that we would present to them selective alternative energy projects. Meaford will be the first community in North America with a facility like this that will generate power. This is an innovative and sustainable revenue source for Meaford’s future,” said Frank Miele, CAO of the Municipality of Meaford.
The municipality says that the proposed Bio-Power Facility will use Catalytic Oxidization technology producing zero emissions according to EPA reports. The facility will produce energy from various feed-stocks, including forestry and agricultural waste, sustainable energy crops, construction and municipal waste; matter otherwise destined for landfill sites.
“Our team is very excited to be working with such a forward thinking community as Meaford that has similar views about creating a sustainable future” said Kevin Alexander, Managing Director of Partners Energy Ltd.”
Included in the press release was some additional information about PEG who while based in Belize, have an office located in Concord Ontario.
“Partners Energy Group was incorporated in 2008, with the specific purpose of merging financial markets with clean energy initiatives in the developed and developing world, with a focus on emerging markets,” read the press release, “Working closely with merchant banks and investment groups, Partners Energy overlays the required infrastructure and methodology to facilitate investment and risk management.”
The information provided by the municipality states that PEG's focus is “on infrastructure investments in the energy sector taking into consideration jurisdictional nuances such as repatriation of capital, and technological consideration, such as performance considerations as it relates to long term financing.”
“Our experience in quasi-judicial environments in Canada, USA, Belize and Costa Rica bring a unique perspective to this form of technology transfer and the underlining circumstances for participation and profit,” says PEG, “Many of our structured solutions identify key advantages in a given jurisdiction and enhance such situations with various and diverse sophisticated financial instruments which add portability and enhanced returns, while reducing risk of capital in international forums.”
PEG also says that they have a wealth of experience in the implementation of alternative energy programs.
“The North American team continues to be instrumental in the structure and implementation of several alternative energy programs, and is proud to be a world leader in biomass gasification,” says PEG, “And our solid working knowledge of the “Feed in Tariffs” in North America, offers clients an enhanced advantage when entering this area of emerging opportunity.”
Additionally, PEG says that “as a sustainable development corporation, Partners Energy Group adheres to a strict doctrine of ethical and environmental criteria, which our clients embrace, as a risk mitigation mechanism.”
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