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Gold/Mining/Energy : BP: BP Amoco p.l.c.

BP 35.13

+1.0%

Oct 31 9:30 AM EDT

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From: Copperfield	9/27/2001 9:14:24 PM
	of 8

NEW YORK, Sept 27 (Reuters) - BP Global Power, a unit of British oil giant BP Plc and Cinergy Solutions, owned by Ohio-based utility Cinergy Corp. (NYSE:CIN - news), said Thursday they will add new power and steam cogeneration facilities at BP's Texas City, Texas refinery and chemical complex. The companies said the additions will produce 570 megawatts (MW) of electricity, allowing BP to shut down older, less efficient power units and cutting the site's nitrogen oxide emissions by 53 percent. South Houston Green Power LP, an affiliate company created by the 50-50 BP, Cinergy partnership, will own the new facility. Cinergy Solutions already operates existing steam and power utilities at the site, which include six cogeneration trains and four boilers capable of generating 250 MW of electricity. The new plant will be fueled by natural gas and fuel gas produced as a by-product from BP's process units. Construction is expected to be complete in spring 2004.

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