MMC Energy Inc.
MMC Energy, Inc. Closes Acquisition of the Mid-Sun Power Generation Facility
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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MMC Energy, Inc. Closes Acquisition of the Mid-Sun Power Generation
Facility in Bakersfield, California
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ — MMC Energy, Inc.
(OTC Bulletin Board: MMCN) (Deutsche Borse: JU1) today announced that MMC
Mid-
Sun, LLC a wholly owned subsidiary of MMC Energy, Inc. has closed on the
acquisition of the Mid-Sun Power Plant located in Bakersfield, California,
with a rated capacity of 22 MW from Taft Energy Partners, L.P., a Texas
limited partnership. The Company funded the purchase with cash on hand.
MMC has begun the process of re-commissioning the Mid-Sun Power Plant
which is slated to be back on line in January of 2007. The Mid-Sun Facility
is
a natural gas fired generation facility with state of the art emissions
control systems.
The Mid-Sun facility is located adjacent to several oil production
fields
controlled by the Chevron Corporation and other producers. MMC is
evaluating
the potential to reinstall a Heat Recovery Steam Generator, which could
provide steam and energy to nearby oil producers.
MMC continues to make substantial investments in California and
delivering
critically needed new megawatts to increase power supplies,’ said MMC’s
Chairman and Chief Executive Officer, Karl Miller. ‘We are looking forward
to
re-commissioning the Mid-Sun facility and delivering additional reliable
power
and capacity to California,’ Miller added.
About MMC Energy, Inc.
The Company is an energy acquisition company, which primarily acquires
and
operates critical power generation and associated energy infrastructure
assets. The company is headquartered in New York City and traded on the
NASDAQ
Exchange in the United States and the Deutsche Bourse in Germany.
The Company creates long-term value for its shareholders through deep
value asset acquisitions and hands on post-acquisition asset management.
The
Company currently owns power generation assets in Southern California and
is
pursuing a disciplined portfolio acquisition and growth strategy targeting
power generation facilities and energy infrastructure assets primarily in
California, Texas, Mid-Atlantic, and the Northeastern U.S.
Additional information concerning MMC Energy is available at
http://www.mmcenergy.com
Kontakt Deutschland
Value Relations GmbH
Tel. 069 959246-16
MMC@ir-services.de
(c)DGAP 21.11.2006
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Language: English
Issuer: MMC Energy Inc.
26 Broadway, Suite 907
NY 10004 New York Vereinigte Staaten von Amerika
Phone: +1 212 977 0900
Fax: +1 917 591 6906
E-mail: miller@mmcenergy.com
WWW: www.mmcenergy.com
ISIN: US55312Q1094
WKN: A0J2L0
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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