Georgia Ports Authority Gifted Free Property

 03 Mar 2016     Finance, Going Places, Ports

Georgia Power has announced plans to donate property from the retired Plant Kraft to the Georgia Ports Authority (GPA).

The move is pending approval from the Georgia Public Service Commission (PSC).

Plant Kraft is located on the banks of the Savannah River in Port Wentworth, Georgia.

"The Georgia ports create jobs and drive economic growth, not just in Savannah, but in all 159 counties throughout Georgia," said Paul Bowers, Chairman, President and CEO of Georgia Power.

"The donation of the Plant Kraft property to the Georgia Ports Authority furthers these efforts and allows the property to continue serving Georgians while supporting our longstanding commitment to create a stronger economic future for our state."

James A. Walters, Chairman of the Board of the Georgia Ports Authority, said: "The Georgia Ports Authority is very pleased to work with Georgia Power on this exciting new opportunity.

"Plant Kraft is contiguous to the authority's existing property in Port Wentworth, Georgia and will allow improved services and cargo handling opportunities through the nearby Garden City container terminal. This will be an important addition for long term economic development opportunities in Georgia."

Plant Kraft Units 1-4 were retired as part of the company's 2013 Integrated Resource Plan (IRP), approved by the Georgia PSC. The company is currently working to safely dismantle the previously retired units.

The plant site is bordered by Georgia Ports Authority property to the north, Norfolk-Southern Railroad to the west, and Georgia Atlantic Port LLC, formerly Atlantic Wood Industries, to the south.

The location is expected to help the GPA continue to provide its customers with the most efficient, productive port facilities in the nation, creating jobs and business opportunities to benefit more than 10 million Georgians.