New refined coal plant leased to US power plant
Published by Jonathan Rowland,
Clean Coal Solutions (CCS), a joint venture between ADA-ES and NextGen Resources, has leased an additional refined coal (RC) facility to an RC investor. The newly leased RC facility is located at a coal-fired electric generating plant that has historically burned 5.8 million tpy.
The new-lease RC facility will replace an existing lease facility at a coal-fired power plant that historically burned 1.7 million tpy of coal. That lease will end at the end of July 2016 because the tonnes of coal burned at the plant has been significantly reduced due to natural gas power generation.
As a result, the number of RC facilities under lease will remain the same – although the power plants at which RC facilities will be located will burn 4 million short tpy more coal, based on historical averages.
“The value of our refined coal platform is clear and we are pleased with this recent transaction,” said L. Heath Sampson, President and CEO of ADA-ES’ parent company ADES. “Additionally, we plan to move the facility that will come back to CCS in July to a larger plant and will begin operation once CCE secures a tax-equity investor.”
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/power/20052016/new-refined-coal-plant-leased-to-us-power-plant-2016-821/
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