Coal news and updates

Sterling Energy Group, Inc., through its wholly owned subsidiary, Crawfordsville Energy, LLC, has completed the purchase of a coal-fired power plant in Crawfordsville, IN from Crawfordsville Electric Light & Power.

The Crawfordsville plant has existing coal-fired capacity of 24.1 MW.  This plant has infrastructure in place for added gas-fired generation capacity.  Sterling Energy Group, Inc. intends to evaluate the deployment of its clean coal technologies on existing units as well as adding combined cycle gas-fired capacity and the addition of a steam loop to make the energy complex a combined heat and power (CHP) facility.

"We're delighted to have completed the purchase of the Crawfordsville facility and to have preserved the jobs in Indiana, while supplying the area with clean energy," said William Harrington, President & CEO of Sterling Energy Group, Inc.  "We would like to thank Crawfordsville Mayor Todd Barton, Phil Goode, the manager of Crawfordsville Electric Light & Power, the Crawfordsville City Council, and the Utility Service Board for sharing in the vision of creating an energy park using green technologies while preserving and adding jobs."  "With job creation and green energy production as our core business, we intend to establish a center in the Midwest to support all of our power generating facilities and oil and gas production." 

Sterling currently has its corporate office located in Gary, IN with operations in Morgantown, KY, Niagara Falls, NY, and Crawfordsville, IN. 

 

Source: http://www.pennenergy.com/