SUMMARY STATUS: Financing phase
Awaiting financial close, before project is confirmed and construction can begin; no date yet for groundbreaking. In August 2017, Cronus announced a new EPC partner, a reduced cost for smaller capacity, and a more realistic schedule. The project has been repeatedly postponed over the last few years.
SUMMARY STATUS: Planning phase
Major setbacks in 2016, when the EPC contract was awarded and then fell apart following a corruption scandal and a failure to secure equity financing. Major setbacks predicted in 2017 and confirmed in 2018, related to debt financing. Air permits were extended in 2017 but any progress now depends on winning a legal argument with the IRS.