December 28, 2018 Read More →

NGS Mine Closure May Mean More Jobs

Gallup Independent:

The imminent closure of Navajo Generating Station and the Kayenta Mine that feeds it is portrayed sometimes as “economically apocalyptic events” that will result in the loss of hundreds of jobs. Yet a new report says proper cleanup of the facilities will take hundreds of skilled workers for years to come.

The Institute for Energy Economics and Financial Analysis report authored by Karl Cates, a former editor for Bloomberg LP and The New York Times, and Seth Feaster, a former data analyst for The New York Times and the Federal Reserve Bank of New York, looks at the longterm opportunity for the Navajo Nation in a post-coal reclamation economy.

“Cleanup work at NGS and Kayenta will take at least five years to complete, by federal government estimates, activity that can create a viable bridge toward a more diversified region al economic base,” the authors state.

The report contends that a successful transition following closure of the power plant and the mine complex will require that the responsible parties be held accountable for their cleanup obligations, and that other opportunities – such as repurposing NGS infrastructure for utility- scale solar power generation – be exploited.

Navajo natural resources include some of the best solar-power potential in the world. Navajo Tribal Utility Authority already is taking advantage of a growing renewables market and this fall  announced an aggressive expansion into utility-scale solar. 

The Institute report describes the potential for elements of a post-coal cleanup economy based on an emerging body of research that suggests substantial economic opportunity in power plant and coal mine cleanup.

NGS Mine Closure May Mean More Jobs

Posted in: IEEFA In the News

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