Waste coal plant on hold because of economy
New York City-based Sithe Global Power LLC had announced plans for the plant in Shade Township, Somerset County, in January.
Engineers will continue with obtaining permits, but a spokeswoman says other plans are on hold until the company finds a financial partner.
Plans called for using piles of waste coal to generate power. The power, enough to run 300,000 homes, was to be sold to PJM Interconnections LLC, an electric transmission grid.
The company had hoped the plant could be in production in 2013.
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Thermal power plants’ PLF up on rising demand, lower hydro generation
LOS ANGELES - Capacity utilisation levels of coal-based power plants improved in May because of rising demand and lower generation from hydroelectric sources. The plant load factor (PLF) of thermal power plants went up to 65.3% in the month, 1.7 percentage points higher than the year-ago period.
While PLFs of central and state government-owned plants were 75.5% and 64.5%, respectively, the same for independent power producers (IPPs) stood at 57.8%. Though PLFs of IPPs were higher than May 2017 levels, it failed to cross the 60% mark, which eases debt servicing capabilities of power generation assets.
Thermal power plants generated 96,580 million…
