The Gibbons Creek Power Plant here in Grimes County has finally been sold, and has it new owner.
According to a news release from Charah Solutions of Louisville, Kentucky, it is going to take three years to demolish the coal fired plant, and complete environmental remediation of landfills and ash ponds.
Operations at the campground and RV park are expected to continue, and the rest of the property will be redeveloped for industrial uses, utilizing the existing electric transmission and rail systems.
The City of Bryan was one of four cities that owned the plant, through the Texas Municipal Power Agency. At their council meeting last month, it was revealed the sale will save more than $48 million in environmental remediation costs.
The TMPA also paid the new owner $36 million as part of the transaction.
The plant opened in 1982 and ceased operations in 2018.