Closed biomass plant to be given new Leaf of life

New Leaf Energy (NLE) has set in motion plans to purchase a biomass plant which closed in 2011.

A letter of intent for the purchase of the Greenville Steam plant has been signed by NLE and it has claimed it will rehire around 20 employees that had been laid off after the closure. The plant is currently owned by Gallup Power Greenville.

The plant has the capacity to produce 120,000MW of power a year.

‘We intend to acquire the facility and return it to full operation as soon as possible,’ NLE CEO Daniel Haas has been quoted as saying. ‘Right now, assuming the deal is closed successfully, the restart date is scheduled for January.’

NLE is working with IQ Venture Advisors to line up the funding required to acquire and restart the facility.