An Indiana company has finalized its purchase of a Niagara Falls power plant, where it plans to hire at least 20 new employees.
Sterling Energy Group, which is based in Gary, Ind., bought the Niagara Generation plant on Frontier Avenue from US Renewables Group of Santa Monica, Calif., Sterling announced this week.
The purchase price was not disclosed.
The plant was converted from a coal-fired facility to burn wood and tire-derived fuel in 2007, according to a news release from Sterling.
Sterling intends to fuel the plant mostly with wood, augmented by a minor amount of coal "for fluidized bed solids and flame stabilization."
"We're delighted to have completed the purchase of Niagara Generation, LLC and to have preserved the jobs in New York, while supplying the area with green energy," William Harrington, President & CEO William Harrington said in a written statement. "The State of New York and local officials have been very welcoming in our desire to make this a sustainable plant and will add a minimum of 20 jobs in Niagara Falls, N.Y."