Sawmill bucks the trend with US$45 million cogen plantThursday 5 Feb 2009 In a bold move in the current environment, the Seneca Sawmill Co. of Eugene in Oregon is building a US$45 million wood-fired power plant that will generate enough electricity to light up 13,000 houses. Construction will begin in October and the cogeneration plant will come on line a year later. The proposed 18.8-megawatt cogeneration plant is expected to produce more than twice the electricity needed to power all three milling operations at Seneca's plant."Cogeneration is having a resurgence with all the emphasis on renewables and the high cost of fossil fuels," said Bill Carlson, a Redding-based consultant who is advising Seneca. Two years ago, the Oregon Legislature adopted a renewable energy portfolio standard that requires large utilities to get 25 percent of the power they sell to retail customers from renewable sources. The state and federal governments have renewed or improved tax credits and other incentives that make it easier for companies to pursue renewable energy projects. The Seneca project is likely to qualify for a US$10 million state tax credit for construction and additional federal credits based on the energy it generates. Source: TLA |
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