Authority OKs $30M for Mingo wood-fueled plant
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Staff Writer
CHARLESTON — The West Virginia Economic Development Authority (WVEDA) has authorized American Clean Energy to issue $100 million in tax exempt bonds to finance a wood fired power plant in Mingo County.
The state will have no financial liability for the bonds as the WVEDA will be the issuing agent.
The plant would be located in the Harless Wood Products Industrial Park.
Tom Loehr, president of American Clean Energy, said plans for the project are moving on schedule.
The scope of the project changed, Loehr said.
The plant was to build a 28-megawatt plant which would generate enough po-wer to supply about 20,000 homes while burning 400,000 tons of wood waste per year. However, the plans have been ex-panded to a 60-megawatt plant. The revised plan calls for the plant to burn 900,000 tons of wood waste per year.
The plant is expected to employ 40 people full time as well as creating additional jobs at wood chip suppliers.
Mike Whitt, executive director of the Mingo County Redevelopment Authority, said the group is glad to see the alternative energy project move forward.
“This is a carbon neutral project,” Whitt said. “Div-ersification is the right direction for the county. Hopefully the plant will come to fruition.”
Loehr, a former state treasurer and senator, said he has submitted a proposal to sell electricity to American Electric Power.
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« jbertschy wrote on Sunday, Jan 24 at 05:49 PM »
It would be nice if they also used the wood chip for fiber board,like we sen to China to make the furniture, the material for Room's to Go and Walmart. I realize the housing market is slow, but real recovery jobs would be better. Have the roads recovered in Mingo County, from the past flood, ice storm and mud slides, to support the heavy trucks, hauling in the wood chips? 900,000 tons, not pounds. The last time I looked they were running out of money in the budget. Who will have to pay for the repair of the roads? I hope it's not the taxpayers, because they're already not getting road repairs, for their money. If they are just going to burn and sell energy, they should look at expanding out more, to help with the recovery of the county and not just 40 people, for a full time job. It would be great to start setting up furniture factory's and hire craftsman. No just someone to pick up a shovel or run a front end loader. Jobs where the locals, can use the skills, the people of Mingo County were blessed with.
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