NRG Energy Implements Aggressive Plans to Meet Future Power Demands

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he following is an advisory by Industrialinfo.com (Industrial Information Resources, Houston, Texas). NRG Energy Incorporated (NYSE:NRG) (Minneapolis, Minn.), one of the world's leading Private Energy Producers (PEP), is following an aggressive program to address power demands for the coming decade. Currently ranked as the world's third largest competitive power producer, the company plans to expand generation ownership through development of grassroot power plants and acquisition of existing facilities. Over the past two years, some of the most notable domestic acquisitions have included plants from Connecticut Light & Power (2,235 mega-watts), Conectiv Fossil Assets (1,875 mega-watts), Cajun Electric Power Cooperative (1,708 megawatts), LS Power LLC (5,961 mega-watt project portfolio) , Wisconsin Energy Corp (1,051 mega-watts), and Indeck Energy (2,255 mega-watt project portfolio). Globally, NRG has ownership of over 35,000 net mega-watts (MW) of operating capacity and projects under construction and has signed acquisition agreements for projects totaling over 2,500MW of net equity ownership.

No sign of slowing is on the horizon for NRG Energy as research conducted by Industrialinfo.com has identified projects totaling over 9,000MW and representing an overall capital investment of over $ 6 billion due to come on-line by 2005. The vast majority of projects in development will utilize high efficiency combined cycle technology ranging in size from roughly 500MW to over 1,000MW at each site. In most cases, the combined cycle plant will utilize gas or oil fired combustion turbine generators in a configuration that captures waste heat or steam to drive a steam turbine generator. This technology is favored over traditional steam plants because it is cleaner burning, easier to permit, takes less time to build, and is more efficient. The potential for additional announcements of new generation through acquisitions and development of new generation facilities is anticipated over the coming months as NRG pushes towards its goal of 50,000MW to 75,000MW by the end of 2005.

Founded in 1989, NRG maintains a global portfolio of projects located in North America, Europe, Australia, Asia, and Latin America. Plants utilize diverse fuel sources including fossil fuels, renewable energy sources, and refuse derived fuel sources. NRG owns, develops, operates, manages, and acquires energy related projects throughout the world.