By David Middleton – Re-Blogged From WUWT
City Backs Deal for CCS Technology to Save New Mexico Coal Plant
08/19/2019 | Darrell Proctor
The Farmington, New Mexico, city council on Aug. 15 unanimously approved a deal to transfer 95% of the ownership interest of the coal-fired San Juan Generating Station (SJGS) to Enchant Energy, a company run by executives of a New York-based hedge fund that wants to utilize what it calls “state-of-the-art environmental technology” to capture carbon dioxide (CO2) from the plant and keep the facility in operation.
The contract agreement dated Aug. 16 is the latest chapter in the city of Farmington’s effort to keep the SJGS in operation. Farmington officials have worked to find a new operator for the 847-MW San Juan plant after local utility PNM, which operates the facility, in 2017 said it would close the plant’s two remaining units in 2022, 30 years ahead of schedule. The city is part owner of the plant.