Nevada Company Eyeing Hoku Plant

Local

0  Updated at 10:30 am, August 2nd, 2013 By: Managing Editor
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(POCATELLO, ID) – A Nevada lending firm has its eyes set on the shuttered Hoku plant in Pocatello. JCF Funding announced in a press release Thursday that they’re offering more than $25 million – the estimated value of the plant’s materials if they were scrapped. The facility cost $600 million to construct, and Hoku owes creditors more than $1 billion. JFC officials say it would take up to a year to get the plant completed and in operation.



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