Gary-based energy company buys another power plant

2014-01-02T06:00:00Z Gary-based energy company buys another power plantJoseph S. Pete, (219) 933-3316

GARY | A local energy company has bought its second power plant in as many months.

Gary-based Sterling Energy Group, an independent producer of green energy, purchased a plant in Crawfordsville from Crawfordsville Electric Light & Power. The amount was not disclosed.

The plant currently can generate 24.1 megawatts of electricity, but could support additional gas-fired power generation capacity. Sterling will look at installing clean coal technologies, and adding new combined cycle gas-fired capacity and a steam loop that would make it a combined heat and power facility.

"We're delighted to have completed the purchase of the Crawfordsville facility and to have preserved the jobs in Indiana, while supplying the area with clean energy," said William Harrington, president and CEO. "We would like to thank Crawfordsville Mayor Todd Barton, Phil Goode, the manager of Crawfordsville Electric Light & Power, the Crawfordsville City Council, and the Utility Service Board for sharing in the vision of creating an energy park using green technologies while preserving or adding jobs."

Sterling is headquartered in downtown Gary and currently employs about a dozen workers in Northwest Indiana. The company takes over older coal-fired electricity plants, and updates them with new technology so they can meet modern emissions standards. The business has developed carbon-reducing technologies, such as a slag bath gasification treatment that captures mercury and other heavy metals.

Other Sterling operations are located in Crawfordsville, Kentucky and New York state.

"With job creation and green energy production as our core business, we intend to establish a center in the Midwest to support all of our power-generating facilities and oil and gas production," Harrington said.

Last month, the privately held company bought the 51-kilowatt Niagara Generation plant in upstate New York from the US Renewables Group.

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