Welcome!

News Feed Item

VIASPACE Giant King Grass Progress in Nicaragua--12 MW Power Plant and Animal Feed Business

WALNUT, Calif., Sept. 2, 2014 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) issued an update on the Giant King Grass power plant and animal feed projects in Nicaragua.

VIASPACE CEO Dr. Carl Kukkonen traveled to Nicaragua in August to participate in the formal power plant feasibility study being conducted by Pelican SA of Managua. The feasibility study team met at the plantation on the shores of Lake Nicaragua to assess the agricultural aspects of the project and to inspect potential sites for the power plant and survey the route for the transmission line to connect to the national grid.

The agricultural feasibility study team included experts from Nicaragua, Costa Rica, Europe and the United States. The team reviewed plans for planting, growing, harvesting, transporting and processing 284,000 tons of fresh Giant King Grass every year for the 12 MW biomass power plant. The team heard from the local Energia Reino Verde team that has been growing Giant King Grass in Nicaragua since 2012.  Energia Reino Verde (English translation "Green Kingdom Energy") is the special purpose company that will own and operate the 12 MW biomass power plant and 2,100 acre Giant King Grass (GKG) plantation in Nicaragua.

The grid connection group of the feasibility study team also visited the plantation and examined potential sites for the power plant. They also conducted a survey for the route for the transmission line to connect to the Nicaraguan grid. The distance is approximately 9 km. The power will be sold to the Nicaraguan grid and potentially also to private customers. Nicaraguan law allows private customers to use the grid to deliver reliable electricity to them.

A potential Engineering, Procurement and Construction (EPC) contractor from the United States visited the plantation and power plant site to evaluate the project. Energia Reino Verde is interviewing several potential EPC contractors and hopes to make a selection after the feasibility study is completed.

Nicaragua is currently in a drought, but the Giant King Grass plantation is located on Lake Nicaragua with plenty of water for irrigation. Animal feeders throughout the country will likely face a serious shortage of animal feed in the beginning of 2015. The Nicaraguan partners are considering a major expansion of the Giant King Grass animal feed production to help meet needs for animal feed throughout the country.  As part of the animal feed project, Giant King Grass was harvested and made into silage. Samples were also sent to Dairy One in the US for forage analysis.

Kukkonen reported, "I am very satisfied with the progress on the project in Nicaragua.  We have an excellent team, and the external review by the feasibility study group will validate and improve our plan. This plantation and power plant will be a flagship for VIASPACE. We have other potential customers watching us closely and we expect to have similar projects in place in the future. VIASPACE will earn revenue from the Giant King Grass license fee and also generate earnings from a retained equity stake in the power plant."

VIASPACE Chairman, Dr. Kevin Schewe, commented, "I encourage all interested parties and investors to examine the new pictures that we are posting on our Facebook page showing aerial views of the where the 12 MW biomass power plant and 2,100 acre Giant King Grass plantation will be located including views of the Giant King Grass that is already growing there. We are proceeding with the animal feed side of the business in parallel with the 12 MW power plant and we show Giant King Grass being chopped to make silage as animal feed. This is our flagship project and business model because we will earn revenue from our Giant King Grass license fee and also generate earnings as an equity partner in the sale of electricity. In addition and very significant, we are going to demonstrate how the animal feed business and biomass electric power generation can be complementary businesses generating an even more robust economic profit related to the Giant King Grass plantation."

Dr. Schewe, concluded, "I commend Dr. Kukkonen and our partners in Nicaragua for having the vision and diligence to move this project forward with remarkable speed and success. There are many eyes watching this project and we believe that we are gaining additional recognition as a leader in this business space as its success unfolds. We are moving forward on so many other fronts as well and my support for this company is stronger than ever."

New pictures from Nicaragua are available on the VIASPACE Facebook page www.facebook.com/viaspaceinc.

About VIASPACE Inc.

VIASPACE grows renewable Giant King Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass energy crop. Giant King Grass when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. The USDA granted approval for planting Giant King Grass throughout the US and cooperates in exporting by performing the required inspections and issuing the phytosanitary certificate needed for import into foreign countries. Giant King Grass is being grown in California, Arizona, Hawaii, St. Croix Virgin Islands, Nicaragua, South Africa, China, Myanmar, Pakistan and Guyana.  For more information, please go to www.VIASPACE.com or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or [email protected]

Safe Harbor Statement

Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2013, and other factors over which VIASPACE has little or no control.

SOURCE VIASPACE Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
"What we see what happens when you have a completely networked society and the potential to now drive the value creation and the collaboration and the ecosystems that are possible when you start to be able to connect people and industries together in ways that have never been possible before," explained Esmeralda Swartz, VP of Marketing Enterprise & Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...