February 23, 2017 - Albany, N.Y.
Transmission Developers Inc. (TDI) Chief Executive Officer Donald Jessome issued the following statement today:
“We are pleased that Riverkeeper and the National Resources Defense Council issued a report finding the proposed Champlain Hudson Power Express to play an important role in achieving the Governor’s ambitious renewable energy goals.”
“Transmission Developers Inc. looks forward to working with all stakeholders to further the development of this fully permitted 1,000 MW project to deliver clean, low cost electricity generated from renewable resources to southeastern New York.”
About the Champlain Hudson Power Express
The Champlain Hudson Power Express Project is a completely buried, 333-mile HVDC transmission line that will be installed underground and underwater, originating at the U.S.-Canada border and running the length of Lake Champlain and through parts of the Hudson River to New York City.
In development since 2008, the project will bring 1,000 megawatts of clean, reliable energy to meet growing needs and is at the forefront of America’s emerging “smart grid” revolution. The project is projected to reduce energy costs for consumers and businesses by $650 million a year once complete. These savings are estimated to create 2,400 new jobs across a wide spectrum of the economy and will also reduce greenhouse gas emissions by an estimated 2.2 million metric tons per year.
The project will also diversify the state’s energy portfolio and increase the electric grid’s safety and security by creating new, hardened infrastructure that is less susceptible to damage from natural disasters.
TDI is a Blackstone portfolio company with offices in New York City and Albany, N.Y. that develops unique energy transmission projects in an environmentally responsible manner. The company is currently developing the Champlain Hudson Power Express (www.chpexpress.com). More information on the company is available at www.transmissiondevelopers.com.