Maine Municipal Overview Board Now Capable of Buy Hampden Recycling, Waste-to-Power Facility

A committee representing strong waste pursuits from 115 Maine communities plans to purchase Coastal Sources of Maine’s shuttered Hampden waste-to-energy and recycling plant as a result of no certified bidder has come ahead to take management From the manufacturing unit. The nonprofit Municipal Overview Committee, made up of representatives from a number of municipalities, introduced Wednesday that it and the receiver appointed to supervise the bidding course of had reviewed the monetary and technical capabilities of consumers and the receiver decided – and the committee agreed – that there was nobody certified to buy the plant.

“Accordingly, the receiver has knowledgeable the court docket that an public sale won’t be crucial,” the committee stated in an e-mail Wednesday. “We’ll now transfer ahead with the sale to MRC beneath the phrases of our ‘stalking horse’ provide, with the receiver in search of closing court docket approval of the sale with a goal of closing no later than June 30.”

In March, the committee stated it deliberate to purchase the plant for $1.5 million if no certified bidder purchased it by June 30. The committee will probably be busy finalizing closing paperwork and reopening plans for the ability, which is able to embrace contacting a number of stakeholders and potential companions. , together with operators and monetary companions.

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Writer: Amy Calder, Morning Sentinel,
Picture: Fiberight/Maine Coastal Sources

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