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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA power plant that had been idle for six years and was scheduled to be decommissioned will find new use after a company purchased it at a bargain price.
The Lafayette Journal & Courier reports that Sterling Energy Group purchased the Crawfordsville Electric Light & Power plant for $155,000. That's well below the $900,000 asking price the city set two years ago.
Mayor Todd Barton says the city would have spent up to $6 million to decommission the plant and has spent about $1 million annually since 2007 to maintain the facility.
Sterling Energy plans to use the plant as a combined heat and power facility using clean coal technologies. Barton says it will cost between $10 million and $14 million to make the plant comply with current regulations.
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