Bioscience

Najafi Cos. hopes to buy biomass plant

September 16, 2010

By Flinn Foundation

[Source: The Arizona Republic] – Phoenix-based private-investment firm Najafi Cos. hopes to buy a troubled $53 million biomass power plant near Snowflake for $4.75 million in Bankruptcy Court.

The investors are seeking a quick deal because the plant is running out of wood-chip fuel and needs to replenish its stockpile before winter if it’s going to stay open, a Najafi official said.

For more information: Najafi Cos. hopes to buy biomass plant