ETEC to build biomass power plant
The facility would cost in the region on $145 million (€105.6 million) to build, generating around 50MW of renewable energy.
The not-for-profit cooperative, which consists of 10 utility providers, including the Rusk County Electric Cooperative, Panola-Harrison Electric Cooperative, Upshur Rural Electric Cooperative and Wood County Electric Cooperative, has stated that funding for the project could be available by the beginning of 2012. Project completion is scheduled for 2013-2014.
‘We are pleased that progress has been made to the stage where we can line up funding for the construction of this important plant,’ commented Edd Hargett, ETEC’s general manager. ‘This step brings us that much closer to the start of construction, bringing needed jobs and economic activity to east Texas.’
The plant will create between 20 and 25 new jobs for the area.