Grant & Loan Awards: Lamar County


Equity

Lamar County

Equity Fund: $500,000

Awarded: 12/07/2009

Applicant: Barnesville, City of


Description:
Equity grant funds to assist with public water infrastructure improvements, specifically the installation of a dual feed loop to the City’s existing water system, to support the location of Piedmont Green Power, LLC (PGP) on 50 acres in the Legacy Industrial Park in Barnesville. Having a reliable, continuous supply of water at the required pressure will be a critical factor in the operation of the plant. The company plans to begin construction in March 2010 with anticipated operations/ commissioning of the plant in the spring of 2012. PGP, a subsidiary of North Carolina-based Rollcast Energy, Inc, is a producer of clean, sustainable electrical energy. PGP plans to construct a 60,000 SF renewable power generation facility using native, regional biomass materials to generate nearly 50 megawatts of electricity that will be sold through a power purchase agreement (PPA) to Georgia Power. This project will create at least 22 new direct jobs and up to 200 indirect jobs in the region (trucking, forest projects and ancillary services.)


Total Budgeted Project Cost: $161,144,000


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