Tucker, Ga.-based Oglethorpe Power Corp. will likely finance two planned 100 MW biomass power plants using Department of Agriculture Rural Utilities Service loans, but it could tap the capital markets if those funds are not available in time. “If they don’t have funds available, or the timing didn’t mesh with our needs, we’d certainly go to the capital markets,” says Anne Appleby, v.p. and treasurer. The two plants are slated for operation in 2014 and 2015.
June 01, 2009