ecoPower plant in Hazard will produce electricity from wood
October 10, 2013 (Frankfort, KY) The Kentucky Public Service Commission (PSC) has approved a 20-year contract that will allow Kentucky Power Co. to purchase electricity generated by a biomass-fueled plant near Hazard. The ecoPower plant will burn various wood wastes and low-quality timber. Kentucky Power’s agreement to purchase electricity from the 58.5-megaWatt ecoPower Generation-Hazard LLC biomass plant “promotes the inducement of an innovative energy-related business located in Kentucky that would advance the public purposes of achieving energy independence, creating new jobs and new investment, and creating new sources of tax revenues,” the PSC said in its order.
According to Kentucky Power, construction of the ecoPower plant will employ 230 people for two years. The plant will employ 30 people and create an additional 225 jobs for loggers and truckers. Kentucky power also contended that the plant is in accordance with state energy policy, which calls for increased use of renewable energy sources in general and biomass in particular. The contract will spur economic development in its service territory and diversify its generation portfolio. The price Kentucky Power will pay for electricity from the biomass plant is fixed over the 20-year contract term.
The full Commonwealth of Kentucky Public Service Commission press release can be viewed at:http://psc.ky.gov/agencies/psc/press/102013/1010_r01.PDF