Lockheed Martin to develop biomass power plant

Mustus Energy Ltd. has announced that it will be working with Lockheed Martin (NYSE:à‚ LMT)to build a new 41.5 MW biomass-fueled power generation plant in La Crete, Alberta, Canada.

The project, which will be developed by Mustus Energy with Lockheed Martin’s support in procuring materials, equipment and other required services, will provide enough energy when complete to power over 30000 Canadian homes.

Lockheed Martin also will manage the construction of the plant, which is planned to commence this spring.

The biomass facility is expected to begin commercial operations by the fall of 2013, and will provide base-load electrical power to the Alberta grid.

As feedstock, Mustus Energy plans to use the tops of aspen trees that would otherwise be discarded as waste after the trunks are processed into lumber and other products at local mills.

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