POSTED: 10:42 a.m. HST, Apr 01, 2011
LAST UPDATED: 11:36 a.m. HST, Apr 01, 2011
Kauai Island Utility Cooperative said its board of directors has approved agreements with Free Flow Power Corp. to pursue the joint development of six hydroelectric projects proposed for the island.
Under the terms of the agreements, FFP has transferred ownership of the six previously announced hydroelectric projects to KIUC. KIUC will oversee the development of the six and potentially several more projects, the utility said in a news release.
“These agreements are an important step to ensure that any hydroelectric projects developed on Kauai are owned and controlled by the people of Kaua‘i and operated in a way that serves their best interests,” said David Bissell, KIUC chief executive officer.
Free Flow Power has filed six preliminary applications with the Federal Energy Regulatory Commission. In March FERC approved the first of the preliminary permits for a project on the Wailua River. The other applications are pending before FERC.