AT THE FEBRUARY MEETING OF THE THOMASTON-UPSON DEVELOPMENT AUTHORITY, MONDAY, AN INDUCEMENT LETTER FOR AN INDUSTRIAL REVENUE BOND OF UP TO $14 MILLION WAS APPROVED FOR A GREEN ENERGY COMPANY. LANCASTER ENERGY PARTNERS OF WILMINGTON,NORTH CAROLINA HAS PURCHASED THE FORMER THOMASTON MILLS CO-GENERATION PLANT OFF EDGEWOOD AVE. TO PRODUCE ELECTRICITY USING WOOD WASTE PRODUCTS. THE COMPANY PLANS TO BE UP AND RUNNING BY THE FALL WITH 20 NEW JOBS CREATED. THE FIRM HAS A CONTRACT TO SELL POWER TO UPSON EMC AND OTHER EMC’S IN GEORGIA, ACCORDING TO IDA CHAIRMAN NEIL HIGHTOWER.
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