State and local leaders are expressing concern that Indeck Energy will idle electric generation at its biomass plant at month’s end, but company representatives say the decision to mothball the facility was driven solely by the weak wholesale market and the low reimbursement rates under the state’s Renewable Portfolio Standard law.
Rich Killion, a spokesman for Indeck Energy Services Inc., headquartered in Buffalo Grove, Ill., said that one-two punch made continued plant operations unsustainable.
Management met with the 16 local workers on April 3 and told them the facility’s last day of operation will be April 30.
“We’re extremely aware of the impact. It was a tremendously difficult decision,” Killion said. But Killion said once the plant is shut down, all maintenance and other precautions will be taken to assure that it could be brought back online if market conditions improve.
The company has reached out to the Governor’s Office and District 2 State Sen. Bob Guida, R-Warren, to tell them about the impact the shutdown will have on employees, suppliers and other vendors, and to make them aware of the challenges of operating a small biomass plant in a very trying market.
From the New Hampshire Union Leader: http://www.unionleader.com/Plug-pulled-on-biomass-plantTags: biomass, biomass plant, biomass plant shutdown, Bob Guida, Buffalo Grove, electric generation, Governor's Office, Indeck, Indeck Energy, Indeck Energy biomass plant, Indeck Energy New Hampshire, Indeck Energy Services, local workers, market conditions, mothball, New Hampshire, New Hampshire biomass, New Hampshire biomass plant, New Hampshire Governor, New Hampshire Indeck Energy, New Hampshire Senator, plant maintenance, plant operations, plant shut down, plant shutdown, reimbursement rates, Renewable Portfolio Standard, Rich Killion, trying market, Warren, wholesale market