BESICORP, LCP CHEMICALS IN COGENERATION PACT
<Besicorp Group Inc> said it
reached an agreement with <LCP Chemicals and Plastics Inc> to
develop an 80 megawatt cogeneration station at LCP's facility
in Syracuse N.Y., in a project estimated to require about 50
mln dlrs in financing.
    Under the agreement, it said a standard power sale
agreement is expected to be entered into with Niagara Mohawk
Power Corp <NMK> for the sale of electrical power output.
    Besicrop said it is developing the project with <Kamine
Engineering and Mechanical Contracting <Inc>, and both
companies will retain long-term interests in the project.
 Reuter
