FAIR HAVEN - Beaver Wood Energy wants to construct twin 29-megawatt wood generators - one in Fair Haven and one in Pownal.
The cost of each plant is approximately $250 million, according to company officials.
The two wood-fueled electricity-generating projects - and accompanying wood-pellet manufacturing operations - will start in Fair Haven first.
Many residents of Fair Haven have shown strong support for the project while Pownal residents are less enthusiastic due to the carbon-dioxide (greenhouse) gas and strong odors associated with large wood-burning operations.
"We are moving ahead in Fair Haven. We'll have to wait for Pownal," said Bill Bousquet, managing director for Beaver Wood Energy. "In Pownal there are mixed feelings."
Nearly 250 residents of Fair Haven signed a petition to the Public Service Board showing their support of the effort.
Beaver Wood needs final approval from the Vermont Public Service Board before moving ahead with construction.
The PSB is expected to decide by mid April.
If the PSB approves the Beaver Wood plan, construction on the facilities will start by the end of 2011.