SOUTH BOSTON, VA -- NOVI Energy LLC is furthering plans to locate a $150 million wood-fired power generating plant at the site of a former Georgia-Pacific facility.

According to the Gazette-Virginian, NOVI has filed paperwork to advance the nearly 50-megawatt plant, including applications for air quality permits. The newspaper said the company has also asked the Rural Utilities Service (RUS) to provide financing assistance.

The plant would reportedly create up to 35 jobs.