04 September 2008

W.Va. Coal Plant Project Loses Federal Funding

The U.S. Department of Energy has dropped plans to fund a $416 million power plant that would burn coal and coal waste in western Greenbrier County, The Charleston Gazette reports.

"Developers have for more than five years struggled to come up with private money to match DOE funds, and environmental groups have complained that the project would pollute local air and water," the article said. "DOE spent more than $8 million on project planning, and the West Virginia Economic Development Authority lost $3 million in a loan guarantee approved in 2004 by the Wise administration."

1 comment:

clear eyes said...

If a coal plant requires federal funding, it shouldn't be built.