Biomass Secure Power, Inc. announced that they have signed an Exclusive Negotiation Agreement with the Natchitoches Parish Port Commission (NPPC).

The agreement gives Biomass Power Louisiana L.L.C. (BPL) exclusive rights to negotiate the long term lease on 50 acres of land within the NPPC property.

Based on the NPPC agreement, Biomass Power Louisiana L.L.C. paid a fee of US$15,000 at which a portion of this option fee will be applied to the first payment of any long term lease negotiated with the NPPC.

BPL expects a twenty year lease with an option for an additional 10 years within the 90 day set time frame.

The proposed chipping plant at Natchitoches will support the pellet plant at Baton Rouge by delivering wood chips by barge via the Red River.

BPL plans to complete its lease option with the Port of Greater Baton Rouge. The set time frame is to coincide with the construction of phase one of the pellet plant due in August.

Plans are to be set in place to build the pellet plant in four phases over several years.