Patriot Energy Services LLC on June 27 said it has signed a contract to acquire the 19-MW Greenville Steam power plant in Greenville, Maine.
“Though the power plant has been shuttered for almost a year, it is still in very good shape and was stored properly for restart,” Patriot Energy CEO Steven Johnson said in a news release.
The plant underwent a complete retrofit in 2006 at the cost of over $7 million to meet all current green energy standards and U.S. Environmental Protection Agency (EPA) regulations. The cost to build the facility new would exceed $57 million. “This is quite an auspicious transaction for Patriot Energy”, the company said in a statement.
Patriot Energy also said it will change the plant name to “Shannon.”
The company plans to open the plant in mid-August, in the peak of the power usage.