Construction of the new Carty Generating Station stopped as contractor Abengoa sways toward bankruptcy, reports the East Oregonian.
Abengoa entered into early insolvency proceedings in November. The company now has up to four months to work out a deal with creditors or risk filing for bankruptcy.
Five hundred construction workers were turned away from the construction site of the natural gas-powered Carty Generating Station in Oregon.
The project, which could cost as much as $514 million, was being built by Abeinsa, an affiliate of Spanish contractor Abengoa, which is nearing bankruptcy. "We are certainly still committed to the Carty project and will be working to get people back on the job site as soon as possible," said Steve Corson, spokesman for Portland General Electric, the owner of the project.