New Hydropower Allocations to Create 30 Jobs At Two Erie County Firms
October 19, 2005
FOR IMMEDIATE RELEASE
ROCHESTER—Some 30 new jobs will be created at two
Erie County companies in return for low-cost hydropower from the New
York Power Authority’s (NYPA) Niagara Power Project.
At their monthly meeting Wednesday, the NYPA
trustees approved allocations for Electro Abrasives Corp., in the Town
of Hamburg, 700 kilowatts (kw), and Malyn Industrial Ceramics, in the
Town of Clarence, 325 kw.
“Time and again, the Niagara Project has proven to
be fundamental to Western New York’s economy, and Erie County’s in
particular, with more than 36,000 jobs linked to its low-cost
hydropower,” said Timothy S. Carey, NYPA chief operating officer. “The
allocations to Electro Abrasives and Malyn Industries are the latest
examples of the project’s value for encouraging investment and job
growth for the region.”
Electro Abrasives, which manufactures thousands of
tons of silicon carbide and other powders, is investing $360,000 in its
crushing plant. This includes new equipment to expand the capacity of
existing product lines, and modification of its facility space.
The company is planning to add 10 jobs to its
current work force of 23, in return for its allocation, which will be
drawn from a 445,000-kw block of Niagara industrial power known as
replacement power, reserved for manufacturers on the Niagara Frontier.
Malyn Industrial, which makes advanced ceramic
components, recently purchased a new building in Clarence to expand its
operation and add 20 jobs to an existing work force of seven. Its
allocation of hydropower will come from a 250,000-kw block of Niagara
industrial power called expansion power, also reserved for Western New
The company is investing $460,000 in the Clarence
facility at the same time that it is relocating to the site a small
California business it recently purchased.
The allocations for Electro Abrasives and Malyn
Industrial are the latest in a series approved by the NYPA board since
2004, under an enhanced process for making low-cost hydropower available
on a continuous basis for creating jobs in Western New York. In less
than two years, the new job commitments have exceeded 2,500.
The Western New York Advisory Group, consisting of
the Power Authority, Niagara Mohawk, Empire State Development Corp., and
the Buffalo Niagara Enterprise, recommends the industrial allocations
from the Niagara Project. Current allocations from the project are
linked to more than 43,000 jobs at about 100 companies in the region.
The 2,400,000-kw Niagara Project, in the Town of
Lewiston, provides some of the lowest cost electricity in New York
State, with its power sold at rates far below market prices. The
project—the state’s largest single source of electricity—produced its
first commercial power in 1961.