Although it needs some work, the 3 MW micro-generating facility was too good a deal to pass up.
As reported by Hydroworld:
"The small hydroelectric project could net the city up to nearly $4 million in net revenue, according to a consulting group hired to advise on the acquisition. However, repairs needed at the plant could cost more than $2 million, giving Nashua several options as to its future.
The Board of Aldermen has said the city might operate the facility internally to bolster its own power supply; sell the energy to a distributor; find an operator to run the plant; or sell the plant outright after making improvements.
Nashua officials said they will determine Mine Falls fate within the next year. The city’s purchase is expected to be completed by the end of this year."PERMALINK