Low-Cost Hydropower To Spur Construction Of
Bleach Production Plant In Mohawk Valley And Creation Of 54 New Jobs
NYPA Trustees Authorize Allocation To
Village Of Frankfort To Support Project
January 27, 2009
FOR IMMEDIATE RELEASE
ALBANY—New York Power Authority (NYPA) President
and Chief Executive Officer Richard M. Kessel today announced that
an allocation of low-cost hydropower to the Village of Frankfort
will support the plans of a Canadian company—Tibro Water
Technologies—to build a bleach production plant in Herkimer County,
creating 54 new jobs over the next three years.
“The Power Authority is delighted to partner with
the Village of Frankfort in spurring economic development in
connection with the multimillion dollar bleach production facility
planned by Tibro Water Technologies,” Kessel said. “We’re working
diligently under Governor Paterson to harness our available low-cost
hydropower, some of the least cost electricity in the country, to
revive the state’s economy. The allocation approved today by our
Board of Trustees reflects those efforts.”
The NYPA Trustees authorized an allocation of 1,000
kilowatts (kw) to help make possible the investment of $6.2 million
by Tibro in the new Frankfort business. The allotment of power was
made under the Power Authority’s Municipal and Rural Cooperative
Economic Development Program, which is intended for the 51
communities in the state with municipal electric systems and rural
cooperatives. The 47 municipal and four cooperative systems receive
low-cost hydropower from the Power Authority’s Niagara Power Project
near Niagara Falls.
Tibro is planning to build a 60,000-square-foot
facility at the 31-acre site of the former Union Tools facility on
Main Street in Frankfort. It is expected that the new Tibro facility
could be operational as soon as this winter.
“Make no mistake about the importance of the
additional hydropower that Frankfort will receive on behalf of Tibro.
This was a deciding factor in our ability to attract the company,”
said Village Mayor Frank Moracco. “I want to thank Governor
Paterson, the Power Authority Board of Trustees and Authority
President Richie Kessel for recognizing the importance of this
endeavor. The new allocation of low-cost Niagara power was crucial.
Tibro had considered locations in Canada and
Pennsylvania before deciding on Frankfort, which is near the
company’s customers and their distribution centers. The new facility
will produce bleach directly from salt—an inert and safe raw
material—instead of chlorine gas, the conventional method.
The Municipal and Rural Cooperative Economic
Development Program, which makes available 54,000 kw of hydropower,
is part of a larger block of nearly 765,000 kw that the munis and
coops receive from the Niagara project for their communities.
The Power Authority administers nine lower-cost
power allocation programs for economic development in the state,
including the program benefiting the munis and coops. The various
programs are directly linked to more than 400,000 jobs at nearly 800
businesses and non-profit organizations throughout the state.
■ NYPA uses no tax money or
state credit. It finances its operations through the sale of
bonds and revenues earned in large part through sales of
electricity. ■ NYPA is a leader in promoting
energy-efficiency, new energy technologies and electric
transportation initiatives. ■ It is the
nation’s largest state-owned electric utility, with 18 generating
facilities in various parts of the state and more than 1,400
circuit-miles of transmission lines.
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