Natural gas-fired power plant project in WV tabled for now

News

WELLSBURG, WV (AP) — A company that received state approval for a loan guarantee for West Virginia’s first natural gas-fired power plant says it has stopped the project for now.

According to news outlets, Energy Solutions Consortium of Buffalo, New York, announced Friday that the project in Brooke County has been put on hold due to changing conditions in the energy and financial markets.

The West Virginia Economic Development Authority approved a $5.5 million loan guarantee for the project in September.

The Buffalo, New York company says it is evaluating alternative options to move forward. The project would have brought more than 1,000 construction jobs alone to build the plant.

For local and breaking news, weather alerts, video and more, download the FREE WOWK 13 News App from the Apple App Store or the Google Play Store.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download the FREE WOWK 13 News App

Washington DC Bureau

More Washington DC Bureau

Don't Miss

Trending Stories