INTERNATIONAL COAL NEWS

US coal plant going liquid

MANY coal plants around the US may be going offline with a whimper but one Pennsylvania complex i...

Donna Schmidt

Stuart B Millner and Associates said it had inked a deal with Piney Creek Limited Partnership to liquidate the assets of the Piney Creek power plant in Clarion, Clarion County, which went offline in 2013.

The 32 (net) megawatt plant, constructed in 1991 at a cost of $US182 million ($A204 million), had numerous renovations in the years since for greater efficiency in burning its bituminous coal fuel.

As a result, SBMA – which specialises in power plant deactivation and decommissioning – said the assets to be liquidated could be a great opportunity for buyers needing to meet mandatory percentages of renewable energy in their portfolios.

“Indeed, many of the assets are very new,” the firm said.

“For example, the biomass system was just installed in 2012.”

The assets will be sold through multiple auction events, the first of which will be online through Bidspotter.

The biomass system will be included in the auction, as will a valuable boiler, a coal crusher and three transformers.

Bidding will close on the first auction on January 22.

More auctions will follow but no dates have yet been released for the events.

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