HOYT, MN-The Iron Range Resources and Rehabilitation Agency and Excelsior Energy,Inc. says the Iron Range agency would provide $1.5 million in funding, a site and otherproject support for the development of the Mesaba Energy Project. The project is comprised of a 2,000-megawatt integrated coal gasification combined cycle powergeneration facility to be located on a former LTV Steel Mining Co. site in Hoyt Lakes on the Iron Range of northeastern Minnesota.

In addition, 1000 megawatts of wind turbine capacity will be sited in wind resource areas throughout Minnesota.

The Mesaba Energy Project, which could ultimately cost about $84 million, could create about 1,000 direct, secure, long-term jobs for the workers of the Iron Range and will attract $2 billion to $3 billion in direct investment to the region, the agency says. The IRRRB, headquartered in Eveleth, MN, will contribute $1.5 million of the $6.5 million it will cost for preliminary environmental impact studies and other preparatory work.

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