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ACB Energy Partners Constructing Cogeneration Facility at Marina Thermal Site

^{Published on 2010-10-18 07:00:22 - Market Wire}
 

HAMMONTON, N.J.--([ BUSINESS WIRE ])--ACB Energy Partners today announced that it is constructing a 7.5 megawatt cogeneration plant at the Marina Thermal Facility in Atlantic City, NJ.

"This significant investment is directly in line with both state and federal clean energy strategies."

ACB Energy Partners is owned and operated by Energenic, a joint business venture between long-time business partners Marina Energy LLC, a subsidiary of South Jersey Industries (NYSE: SJI), and DCO Energy LLC. The Marina Thermal facility, located on Absecon Boulevard, originally began operation in July 2003.

The new plant will provide electricity to the existing Marina Thermal Facility and will use steam produced from that process to heat water. Marina Thermal provides for all of the energy needs, including heating, chilling and electricity, to the Borgata Casino and Spa in Atlantic City, NJ. Cogeneration, also referred to as Combined Heat and Power, is one of the most efficient forms of energy production.

aWea™re excited to expand our capabilities and continue our focus on building clean, energy efficient projects,a said Michael J. Renna, Energenica™s executive vice president and CFO. aThis significant investment is directly in line with both state and federal clean energy strategies.a

Start up of the $27 million project is set to begin in early December.

About Energenic

Energenic is a joint business venture between long-time business partners Marina Energy LLC, a subsidiary of South Jersey Industries (NYSE: SJI), and DCO Energy LLC. Energenic specializes in the comprehensive design, development, construction and operation of large-scale energy projects and has offices in Nevada and New Jersey. For more information, visit [ http://www.energenic-us.com ], [ http://www.sjindustries.com ] and [ http://www.dcoenergy.com ].