USDA OKs loan guarantee for Gypsum biomass plant

GYPSUM — Sen. Michael Bennet says the U.S. Department of Agriculture has approved a $40 million loan guarantee to finance a biomass power plant in Gypsum.

The Colorado Democrat said Thursday that the loan guarantee is for Eagle Valley Clean Energy LLC to finance a proposed 11.5-megawatt plant that would use wood biomass such as the results of forest thinning for fuel.

The plant would have the capacity to power nearly 10,000 homes.



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