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Investment Fund Provides New Financing for Coal Plant in Georgia

Power4Georgians, a group of electric cooperatives, signed a letter of intent with Taylor Energy Fund LLC to provide financing for a 40% stake in Plant Washington, an 850-MW, coal-fired facility, after Cobb EMC withdrew from the project early this year. 
April 20, 2012

Power4Georgians, a group of electric cooperatives, signed a letter of intent with Taylor Energy Fund LLC to provide financing for a 40% stake in Plant Washington, an 850-MW, coal-fired facility, after Cobb EMC withdrew from the project early this year.  The financing comes at a key time in the project development process.  Power4Georgians recently reached an agreement with environmental groups over challenges related to Plant Washington's air permit.  Power4Georgians will still need to obtain additional financing to begin construction.  The Telegraph has the full story.

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