Financing Secured for Power Plant: Pacific Gas...
Financing Secured for Power Plant: Pacific Gas and Electric and Bechtel Power Corp. of Bethesda, Md., have successfully completed financing arrangements for a $200-million electrical power generating plant proposed for southern Venango County, Pa. AC Power Corp of Emlenton, Pa., said it has been trying for 10 years to find investors to build an 80-megawatt plant in Scrubgrass Township that would produce electricity by burning a mixture of low-grade coal, waste coal and limestone. Construction may start this spring.
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