Ground Broken for Lawrence County, PA NatGas-Fired Electric Plant?

It was only two days ago MDN told you that a Marcellus gas-fired electric plant planned for Lawrence County, PA appears to be active and moving forward once again (see Signs of Life in Lawrence County, PA NatGas-Fired Electric Plant). Tyr Energy, a subsidiary of ITOCHU Corporation, purchased the Hickory Run Energy project in 2016 from LS Power Development. The news we brought you earlier this week is that South Korea’s KB Asset Management just announced they are investing $150 million in the project, which we said is “a sure sign that the pieces are now coming together for construction to begin.” Little did we know how prophetic those words were. Another report in the Korean Investors publication reports that French banking giant BNP Paribas has originated $460 million worth of loans for the project–of which the KB Asset Management investment is part. Not only that, the article also reports, “Ground has been broken for the plant.” We don’t know for sure whether or not that is true, but if ground has not yet been broken, we expect it will happen soon…

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