Northern Virginia Electric Cooperative receives US$90M USDA loan to help fund US$180M, 49.9-MW biomass power plant being built with Michigan-based Novi Energy near South Boston, Virginia; startup expected by year-end 2013
Bdebbie Garcia
LOS ANGELES
,
October 18, 2011
(Industry Intelligence)
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Northern Virginia Electric Cooperative (NOVEC) has received a US$90-million loan from the U.S. Dept. of Agriculture (USDA) to help fund a 49.9-megawatt biomass-fueled power plant that is under construction in South Boston, Virginia, reported Biomass Magazine on Oct. 17.
NOVEC is building the plant with Novi Energy LLC and will use the electricity generated to provide about 6% of the cooperative’s power needs over the period 2014-2030.
The project is expected to cost about $180 million said Mike Curtis, who works in public relations for NOVEC, Biomass Magazine reported.
The loan from USDA’s Rural Utilities Service is part of President Obama’s American Jobs Act. The plant will employ 40 workers full time after it starts up, which is expected by year-end 2013. In addition, 300-400 workers will be needed during construction.
The plant will be fueled by wood waste from logging operations within a 75-mile radius. In a closed-loop system, the process will use grey water from a nearby wastewater treatment facility instead of clean water from the local water authority, reported Biomass Magazine.
NOVEC is an electric distribution system headquartered in Manassas, Virginia, according to its website.
NOVI Energy, based in Novi, Michigan, provides a full scope of energy management services and develops and implements a broad range of energy projects, according to its website.
The primary source of this article is Biomass Magazine, Grand Forks, North Dakota, on Oct. 17, 2011.
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