MANCHESTER, N.H. (AP) – The company building a wood-fired power plant in Berlin, New Hampshire, says it has reached agreement to sell all the power to the state’s largest utility.

Laidlaw Energy Group Inc. says the deal with Public Service Company of New Hampshire is an important milestone in development of the 66-megawatt plant. An affiliate plans to build the $100 million plant on the site of the former Fraser pulp mill in Berlin.

The plant would be one of the biggest biomass power plants in North America and would represent a shift from fossil-fuel power generation to a renewable resource.

Lawlaw says the agreement is subject to final approval by the companies and approval by the state Public Utilities Commission.

“This is an important milestone in the development of the Berlin Project,” Laidlaw President and CEO Michael Bartoszek said. “Having a guaranteed source of revenue over the term of this agreement from a highly credit-worthy customer like PSNH adds tremendous value to this project.”

Gary Long, PSNH president and CEO, said the purchase of power from the Berlin Project “will help us to meet the requirements of the state’s Renewable Portfolio Standard and add to our portfolio of CO2-neutral energy sources.”

Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.