OXFORD ENERGY CO <OEN> TO BUILD ENRGY PLANT
The Oxford Energy Co said it received
final approval from the Connecticut Department of Public Utiliy
Control of a power contract for the company's tire burning
energy plant to be located in Sterling, Conn.
    The Oxford facility has an estimated total cost of
approximately 70 mln dlrs, and is expected to start
construction during the second half of 1987. Construction of
the project is subject to the receipt of various state and
local permits, the company said, and the arrangement of
financing.
    Under the terms of the order, issued by the Connecticut
Department of Publc Utility Control, Connecticut Light and
Power Co will be required to purchase the output of the
Sterling facility under a 25-year power purchase aagreemnt at
prices fixed by the contract formulas, the company said.
 Reuter
