OGDEN <OG> SETS BERKS COUNTY WASTE FACILITY
Ogden Corp said its Ogden Martin System
of Berks Inc subsidiary has signed a contract with Berks
County, Pa., to build, own and operate a resource recovery
plant designed to process 365,000 tons per year of municipal
solid waste.
    Ogden said 66 of the 75 municipalities in the county have
signed letters of intent to be served by the facility.
    It said initial financing will include 75 mln dlrs in tax
exempt resources recovery revenue bonds to be issued by the
Berks County Industrial Development Authority, the company
said.
   
    Another 75 mln dlrs Pennsylvania State Bond Allocation is
pending, Ogden said. The company will contribute about 21.1 mln
dlrs in equity.
    It said total cost is about 105 mln dlrs, plus escalation,
for the plant which will produce about 30 megawatts of
electricity.
 Reuter
