Power Purchase Agreement Approved For 7 MW Giant King Grass Biogas Power Plant on St. Croix (Viaspace Inc)

(Source: Viaspace Inc) Power Purchase Agreement Approved For 7 MW Giant King Grass Biogas Power Plant on St. Croix Walnut, California, July 1, 2013 ---VIASPACE Inc.--- (OTCQB: VSPC) today announced that the Virgin Islands Water and Power Authority (WAPA) Governing Board approved a 25-year power purchase agreement (PPA) with Tibbar Energy USVI, LLC for a biomass energy project on St. Croix. According to a joint press release from WAPA and Tibbar, the St. Croix based woman owned renewable energy company, will generate and sell to the utility seven (7) megawatts (MW) of base load power generated from Giant King Grass. Tibbar will average savings below WAPA's avoided cost which is the amount...