Financial
terms
were
not
disclosed.
The
companies
did
say
that
pricing
of
the
electricity
is
not
tied
to
the
price
of
crude
oil.
Hu
Honua
Bioenergy
is
converting
a
former
sugar
mill
into
an
electric
generation
plant
using
biofuel
including
locally
grown
biomass,
such
as
eucalyptus.
The
facility
will
consist
of
a
biomass
fuel
yard,
steam
boiler,
turbine
and
generator.
The
previous
plant
used
sugar
cane
waste
and
later,
coal.
Estimates
are
that
Hu
Honua
will
be
able
to
supply
about
10%
of
the
island’s
electricity
needs.
The
plant
is
anticipated
to
be…
