(Source: MARKETWIRE)Biofuels Power Corporation (OTCBB: BFLS), a power generation company pioneering the use of biofuels as a fuel source, today announced that its president Fred O'Connor has resigned to pursue other interests. In connection with Mr. O'Connor's resignation, Eric Gadd, age 54, has accepted a position as interim Chief Operating Officer for a period of 90 days. Upon the satisfaction of certain conditions, including the negotiation and execution of a suitable employment agreement, Mr. Gadd has agreed to become a director of the Company and accept the position of president and chief executive officer. Mr. Gadd will work closely with Steve McGuire, founder and Business Development Manager, and Rich DeGarmo, Chief Technical Officer, with the objective of generating growth and profitability of the Company.

Mr. O'Connor stated, "I am pleased Eric joined the management team and I will work closely with him to assure a smooth transition. Eric's management experience and expertise in power generation will be instrumental in managing the consolidation of operations to the H.O. Clarke site and leading the Company in becoming a premier renewables power generation company."

Under Mr. O'Connor's leadership, the Company developed the nation's first grid-connected, biofuel-powered electric generation plants in Montgomery County, Texas. The Board wishes to thank Mr. O'Connor for his dedicated service and accomplishments for the Company.

Mr. Gadd's appointment coincides with the commencement of the initial development phase of the Houston Clean Energy Park. This initial phase involves the installation and commissioning of 50 MW capacity through: (a) the decommissioning of the 10 MW of capacity from the Company's Montgomery County facilities and the installation of that equipment at the H.O. Clarke site in Houston, Texas; and (b) the installation and commissioning of a 40 MW capacity combined cycle power plant at the same location. The 50 MW of generation capacity will be powered by renewable fuels and natural gas and capable of delivering electricity into the distribution network of Centerpoint Energy in Houston.

"Eric's vision for the future of load-centric renewable power aligns with where we want to take this company," said Mr. McGuire. "I believe he is the right person to help us leverage our successes to date and take advantage of opportunities for power development in the renewable sector."

Mr. Gadd is a proven business leader with 30 years of domestic and international experience in power, natural gas, and renewable energy and has been involved in power plant development and operations around the world.