Hoku signs power pact for Idaho polysilicon plant

POSTED: 07:58 MDT Tuesday, September 23, 2008

by Associated Press

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Tags - Hoku Scientific, Idaho Power

A subsidiary of Hoku Scientific Inc. said Monday it agreed to buy electricity from Idaho Power Co. to support a facility which produces polysilicon for the solar market.

Hoku Materials Ltd., plans to manufacture 4,000 metric tons of polysilicon per year at the plant, which is under construction in Pocatello, according to the Associated Press.

Hoku said it negotiated blended fixed and industrial tariff rates for guaranteed amounts of power over a four-year period that will begin in June. When that time frame concludes, the price will become the utility's standard tariff rate in effect for large industrial power purchasers. Specific prices were not disclosed.

Hoku also reached an agreement to increase the capacity of a substation being built to deliver electricity to the plant.

1 Comments

Now what you need is sales good luck
Comment By Dominick Papas
Thursday, September 25, 2008 @ 7:54 PM

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