Below are excerpts obtained from an article written in The Sault Star on Thursday, September 19, 2013 4:33:17 EDT PM
Let the cogenerating begin.
The province chipped in with $30 million in grants and loan guarantees for a $66-million cogeneration plant in Hornepayne.
Olav Haavaldsrud Timber Co. Ltd. has opened the Becker Cogeneration Plant, which the province says supports 160 jobs in the community of about 1,000 people.
Natural Resources Minister David Orazietti said in a release that the plant will mean big savings for the Haavaldsrud sawmill, calling it a major turning point for the community.
“This is a prime example of our government's commitment to the forestry industry and to preserving and creating jobs in Northern Ontario,” said Orazietti.
“This new plant will not only have economic rewards to the community of Hornepayne, but will also change the landscape of the forest industry,” said Carlo Bin, president of the new plant and Olav Haavaldsrud Timber Company.
The 10-megawatt facility will use sawmill wood byproducts to generate electricity for the provincial power grid and to produce heat for nearby sawmill and kiln operations.
The government funding includes a conditional grant of $11.867 million through the Forest Sector Prosperity Fund, a $17.8-million loan guarantee through the Forest Sector Loan Guarantee Program and $1 million from the Northern Ontario Heritage Fund Corp.
nd creating new jobs with the opening of a cogeneration plant, fostering a
stronger economy regionally and across the North. This project represents important diversification
within the forestry sector.