Friday, February 15, 2013

Ada County commissioners and Dynamis Energy LLC to end landfill project

The planned Ada County project to convert landfill garbage to energy has ended. County commissioners and Dynamis Energy LLC have mutually decided to terminate all agreements related to the proposed plant at the county landfill near Hidden Springs.

The release ending the Ada County and Dynamis agreement will be voted on by commissioners and likely signed Feb. 19 during an open business meeting at the courthouse, the Ada County Department of Administration said Feb. 15.

The project?s termination includes a settlement agreement to release both sides from all claims. The county will drop its request for Dynamis to give back $2 million and the company will drop its claim of up to $70 million against the county, according to an agenda and draft document for the Feb. 19 meeting.

Dynamis planned to build, own and operate the 22-megawatt plant. The county gave $2 million to Dynamis in 2010 to design the project. Once the design was complete, the company was supposed to buy back the plans from the county for $2 million.

In November, Ada County commissioners voted to initiate a contract clause requiring Dynamis to return the money.

A citizens group called Idaho Citizens for Safe Environment and Transparent Government sued Ada County earlier that month, claiming the money amounts to a loan that the county is not allowed to give to businesses.

Dynamis was supposed to begin supplying electricity to Idaho Power Co. in 2014.

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Source: http://idahobusinessreview.com/2013/02/15/ada-county-commissioners-and-dynamis-energy-llc-to-end-landfill-project/

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