Baard Energy / Coal

Baard Energy project could be in jeopardy

WELLSVILLE — “After more than its share of fits and starts, the long-awaited Baard Energy project near Wellsville is once again on hold.

Directors with the Columbiana County Port Authority said they have been told to stop any further purchase of land for the project until a deal can be reached between executives of Baard and their financiers, Planck Trading, over future investments as well as the sharing of future revenues from the development.

‘It’s obviously frustrating from the county’s point of view and the region’s point of view that this project is again on hold. We would like to see them work their issues out, but we just don’t know. So we’re standing by as patiently as we can,’ said Columbiana County Port Authority Director Tracy Drake.”

WKBN Youngstown

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