Victorville may sell power plant to Chinese

subscribe

The city of Victorville owes $126 million for a stalled power plant it hoped to build and now wants to recoup some money by selling the plant to a Chinese government-owned power company.

The city has tried unsuccessfully to sell off the plant's turbines to Venezuela. The Chinese company has indicated it may buy the whole plant.

Mayor Rudy Cabriales signed an agreement with turbine builder General Electric giving the city until April 16 to seal the deal. That deadline would have to be extended if China Huadian Corp. decides to pursue the purchase.

Signing over the plant means the city would lose an estimated $100 million it had invested into the venture, including land acquisition, permitting, equipment and more.

Related News

sally kwan and Duane Hanson

New York and New England Need More Clean Energy. Is Hydropower From Canada the Best Way to Get it?

MAINE - As the sole residents of unorganized territory T5 R7 deep within Maine's North Woods, Duane Hanson and his wife, Sally Kwan, have watched the land around them—known for its natural beauty, diverse wildlife and recreational fishing—transformed by decades of development. 

But what troubles them most is what could happen in the next few months. State and corporate officials are pushing for construction of a 53-mile-long power line corridor cutting right through the woods and abutting the wild lands surrounding Hanson's property. 

If its proponents succeed, Hanson fears the corridor may represent the beginning of the end of his ability to…

READ MORE
ESCC logo

The Power Sector’s Most Crucial COVID-19 Mitigation Strategies

READ MORE

EIA expects solar and wind to be larger sources of U.S. electricity generation this summer

READ MORE

pickering nuclear plant

Ontario faces growing electricity supply gap, study finds

READ MORE

The European Union

EU draft shows plan for more fixed-price electricity contracts

READ MORE