The Makushin Geothermal Project began building a corridor to the site of the proposed power plant in 2021.
This all means that for the city’s plan to work without Chena Power’s involvement, the Ounalashka Corp. would likely have to break ties with Chena. But OCCP does have a buy-sell agreement, meaning it is possible for the Ounalashka Corp. to buy Karl out of the partnership. “If the city shared those reports with the council, they’d understand that we were right on track,” Karl said, and that they were on track to enter the next stage within a few months.But OCCP has already been granted three timeline extensions, pushing the proposed operation date back from 2024 to 2027. The pandemic and its fallout have led to numerous supply-chain issues, and the cost of borrowing has gone up drastically since the project began in 2020.