By: Daily Record Staff//March 26, 2013
By: Daily Record Staff//March 26, 2013//
Five Western New York firms will receive low-cost hydropower to support the creation of 215 jobs and $193 million in capital expansion projects.
More than half of the new jobs will be created by Yahoo! in its establishing of a customer call center and the expansion of its data center in Lockport.
The allocations to the five companies, approved Friday by the New York Power Authority board of trustees, total nearly 13 megawatts of power from NYPA’s Niagara Power Project. In addition to Yahoo!, the firms are SiGNa Chemistry, for a potential new manufacturing facility in Wheatfield; Aurubis Buffalo in Buffalo; International Imaging Materials in Amherst; and RubberForm Recycled Products in Lockport.
The low-cost hydropower will be provided under seven-year contracts, with the allocations drawn from two blocks of Niagara electricity known as Expansion Power and Replacement Power. In addition to new permanent jobs, the capital investments by the companies are expected to support hundreds of construction jobs.