Tuesday, Aug 28, 2012 4:11 PM
The city of Wadley, Ga., will receive a $1,518,152 loan from the Georgia Environmental Finance Authority to develop infrastructure for a planned biomass plant that would burn wood products and shredded tires to make electricity.
The loan would finance a system to recycle treated wastewater from
the city’s wastewater treatment plant, including 35,000 linear feet of
8-inch forcemain to deliver 100,000 gallons per day of treated effluent
to the North Star Renewable Energy plant.
Wadley will pay 1.82 percent interest on the 20-year loan. It received a 1 percent interest rate reduction because the project will help conserve water.
The $70 million North Star plant would burn about 133,500 tons of forest products and about 38,500 tons of shredded tires per year to create about 24 megawatts of power.
Other recipients of GEFA grants announced Tuesday were the cities of Ashburn, Cuthbert, Jasper, Jeffersonville and Sylvester.
The authority manages Georgia’s Clean Water State Revolving Fund, a federal loan program that provides low-interest loans to fund wastewater infrastructure and water pollution reduction projects.
Wadley will pay 1.82 percent interest on the 20-year loan. It received a 1 percent interest rate reduction because the project will help conserve water.
The $70 million North Star plant would burn about 133,500 tons of forest products and about 38,500 tons of shredded tires per year to create about 24 megawatts of power.
Other recipients of GEFA grants announced Tuesday were the cities of Ashburn, Cuthbert, Jasper, Jeffersonville and Sylvester.
The authority manages Georgia’s Clean Water State Revolving Fund, a federal loan program that provides low-interest loans to fund wastewater infrastructure and water pollution reduction projects.
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