EnviroMission in Bid to Sell (Solar) Tower Power in Texas

[jpak]

http://www.pr-inside.com/enviromission-in-bid-to-sell-tower-r83243.htm

PHOENIX, April 2 /PRNewswire-FirstCall/ -- EnviroMission (BULLETIN BOARD: EVOMY) has lodged a bid in a competitive tender process to supply 200MW of Solar Tower power to Texas based, El Paso Electric Company (EPE).

Bidders to El Paso Electric's request for proposals (RFP) are competing on price to supply up to 300MW of electricity to El Paso Electric; successful bidders expected to be announced by the end of this financial quarter.

Whilst the outcome of the bid process will not solely define Solar Tower development in the region, EnviroMission's success
in the bidding process would achieve greater development certainty sooner.

A successful bid will achieve the equivalent of a power purchase agreement to provide certainty and strength to EnviroMission's commercial case for development.

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