0 Properties
0 News
0 Articles
Add information from throughout the site by clicking the "Add" link.
Click "View Custom Report" to view your customized report. Email, print or create a PDF.
0 Properties
0 News
0 Articles

Press Release for the Universal Wrecking Demolition Project at PEC Pampa Energy Center, LLC

Author: 
Pampa EDC

Since the purchase of the PEC site in May, 2011, the Pampa EDC has explored numerous options for electricity generation using the existing coal fuel fired boiler facilities. Based on meetings and discussions with various investment groups and power generators for coal fired electrical generation, the Pampa EDC and PEC Boards concluded that the current environment for a coal fired power plant was not feasible. The existing coal fired boilers would require significant capital investment in order to meet the existing and likely new EPA regulations for the abatement of air emissions from burning coal fuel. As a result potential investors are not willing to take the risk associated with meeting the regulations and having an economically feasible operation.

Given this situation, the Pampa EDC concluded that it was in the best interest of the PEC to demolish the existing coal fired boiler facility. PEC has contracted with Universal Wrecking Corporation out of New Jersey to remove the coal fired boilers and all ancillary equipment at the PEC site. It is expected that the demolition will be completed by the end of 2012. Much of the facilities to be removed have significant recycle value such as copper wire, stainless steel and salvageable equipment. The PEC estimates that in excess of 1 million dollars of revenue can be achieved from the demolition project.

Pampa EDC and the PEC Boards continue to look at the opportunities for an electricity generation facility at the site. The scope of a new facility may include a mix of natural gas fired electricity generation and wind turbine generation. The good news is that while coal is not a feasible option at PEC, other forms of power generation are certainly possible. Considerable effort in pursuit of investment in the PEC and associated job growth for Pampa and Gray County continue.