Hoku Plant Could Be Sold For Scrap

Local

0  Updated at 11:35 am, August 1st, 2013 By: Managing Editor
Share This Story

hokuNEWS 304

(POCATELLO, ID) – The Hoku polysilicon plant in Pocatello could be torn down and sold for scrap. Hoku filed for Chapter 7 bankruptcy July 7, leaving $25 million in unpaid bills to industrial contractor JH Kelly. The $600 million facility was nearly 80 percent completed before Hoku was forced to close the plant because of major financing difficulties, including a sparring match over utility payments to Idaho Power. Officials estimate that the plant’s scrap metal alone is worth up to $25 million.



Stories You May Be Interested In:

Name of suspect, additional details released about police pursuit

22 Feb 2017

Stephan Rockefeller, EastIdahoNews.com

East Idaho Eats: Delightful gourmet sandwiches at Efresh

25 Feb 2017

Natalia Hepworth, EastIdahoNews.com