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Yonkers IDA Plans Incentives For Construction of Green Power Converter Station

Model of Proposed Power Converter in YonkersThe Yonkers Industrial Development Agency(IDA) has voted to negotiate an economic incentive with Champlain Hudson Power Express Inc. (CHPE) to encourage the construction of a 1,000-megawatt power converter station between the Metro North rail lines along the Hudson River and Kawasaki Rail Car Inc.