SIEMENS BUILDING TECHNOLOGIES UNIT DRIVES PUBLIC BENEFIT PROJECT IN UPSTATE NEW YORKWhen Siemens Building Technologies Inc. (SBT) first began discussions with Monroe County, NY about different ways to save county taxpayers money and make the county more energy independent, it took heart from the name of the county's aging power site named "IOLA." It's a Native American word that means 'never discouraged.' That attitude served Siemens and the Rochester-area county government well as they worked their way to a mutually beneficial solution. That solution is now becoming a reality and it will: — Enhance revenues for Siemens Building Technologies Inc. and earnings for Siemens shareholders.
The project is moving forward through
a nonprofit development corporation formed by the county with Siemen's
assistance called Monroe Newpower Corp. The work is to decommission
the existing power
plant at the IOLA site, built in 1925, and to create a new
co-generation facility. When completed, the new plant in the former
fleet maintenance building will provide
heat and electricity to the county hospital, Monroe Community
College, with its 34,500 students, and other nearby county offices. |
When it's completed, the generators will provide power
to the buildings in parallel with service from the local electric utility.
Heat recovery from the new engines as well as new boilers will meet
the total heating demands of all the buildings. The boilers are fired
by natural gas, which reduces air emissions. Depending on the economies
of the marketplace, they can also burn oil. The old IOLA plant burned
coal. Siemens and Monroe County project that county taxpayers will
save $1.5 million per year in electric power costs and $850,000 per
year in steam costs.
The project will be completed in the spring of 2004 and at least in part because Siemens and all of its partners never forgot the meaning of the word 'IOLA'. |