Navajo Transitional Energy Co. (NTEC) announced it will no longer pursue the acquisition of the Navajo Generating Station (NGS) and Kayenta Mine following a decision by the 24th Navajo Nation Council’s Naabik’iyati’ Committee. This will lead to the closure of NGS and the Kayenta mine at the end of the year.
“Due to continued demand by the owners of the Navajo Generating Station that the Navajo Nation provide an unlimited guarantee of any liability for the decommissioning of the plant, Navajo Transitional Energy Co., is forced to cease its acquisition effort,” NTEC said in a statement. “NTEC assessed this opportunity at the request, late last year, of the Navajo Nation’s 23rd Council.”
The nation’s representatives voted to end the operations of NGS and Kayenta by a vote of 11 to 9.
