Alaska Coop Finalizes Financing to Purchase Plant
Posted on Sep 16, 2013 in Climate Change, Environmental, Financing, Legislative & Politics, Project Development, Regulation & Policy, Reliability | Comments Off on Alaska Coop Finalizes Financing to Purchase Plant
Golden Valley Electric Association (GVEA) of Fairbanks, Alaska, has finalized financing from the Rural Utilities Service (RUS) and the Cooperative Finance Bank to purchase the 50-MW Healy Clean Coal Project from the State of Alaska. The Cooperative Finance Bank will finance the purchase of the plant, which will be renamed “Healy Unit 2,” while the RUS loan will finance new emissions control systems, which will include Selective Catalytic Reduction systems to reduce nitrogen oxide and sulfur dioxide emissions. GVEA will also spend approximately $35 million to upgrade parts of the plant and to test pollution-control systems. For more information, click here.
