Alternative Fuel Power Plant Secured Note will be Sold at Auction Next Month
The mortgage note for the former Telogia Biomass Power Plant will be sold at auction in November. The non-performing loan is secured by the 14.1 MW Power Plant, Support Equipment and 132.46 Acres of land located in Liberty County, Florida.
TELOGIA, Fla., Oct. 18, 2021 /PRNewswire-PRWeb/ -- Maas Companies Inc, a company specializing in the selling of commercial and industrial assets, of Rochester, Minnesota will oversee the sale. Sealed Bids can be submitted to the auction company until Wednesday, November 17 at 4:00 PM.
Tyler Maas, Sales & Marketing Director states, "The loan is currently secured by 14.1 MW Biomass Power Plant, all support equipment on 132.46 Acres in Telogia, Liberty, County, Florida and offers a great opportunity for a bidder to acquire the note at a discounted price." The Facility was Originally Designed and Built by General Electric in 1985 and was Completely Re-Built in 2009. The Plant is Wood Waste Fueled and has Multiple Conveyors Feeding a Turbine Boiler. The Facility Interconnects with a Duke Energy Substation; Power was Sold to Seminole Electric Cooperative.
Potential buyers are encouraged to attend the open houses:
- Tuesday, October 26, 9 AM – 1 PM
- Tuesday, November 9, 9 AM – 1 PM
- Other times by appointment.
A complete package detailing the bidding process is available by contacting the auction company directly at 507-285-1444. Information can also be found at the company's website: powerplantauction.com.
Media Contact
Tyler Maas, Maas Companies Inc., +1 (507) 285-1444, [email protected]
SOURCE Maas Companies Inc.
Share this article