NTE Energy To Develop One Of The Most Efficient Gas Power Plants In The US
ST. AUGUSTINE, FLA.--(BUSINESS WIRE)--
NTE Energy announced today that it plans to develop, own and operate one of the most efficient natural gas-fired power plants in the United States. The Middletown Energy Center, located in Middletown, Butler County, Ohio, will generate enough power to supply approximately 400,000 homes and will represent an investment of over $500 million.
The Middletown Energy Center will utilize a Mitsubishi Power Systems Americas (MPSA) M501JAC advanced combustion turbine in combined cycle configuration. This highly efficient design captures exhaust heat from the state-of-the art combustion turbine and utilizes it in a steam cycle, allowing the facility to generate approximately 500 MW of low-cost electric power. This next generation electric generating technology, fueled by clean burning natural gas, allows for greater operating efficiencies and results in up to 60% less emissions than that of older, more conventional sources of base load power.
“As the energy landscape continues to change, the need for affordable, cleaner base load generation is upon us,” said Seth Shortlidge, President of NTE Energy. “NTE Energy looks forward to working with the Middletown community in developing one of the cleanest, most efficient, and most reliable sources to fulfill this growing demand.”
During the construction phase, the Middletown Energy Center is expected to create approximately 300-400 construction industry jobs. The bulk of the construction jobs are expected to be filled by the members of skilled trades unions. Upon completion, the project is slated to add approximately 25-30 full-time jobs to the Middletown area, most of which are expected to come from the local workforce.
The Middletown Energy Center has begun permit applications and entered the PJM interconnection queue, the regional transmission organization. The project is expected to begin construction in 2015 and become fully operational in 2018.
About NTE Energy
NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation. NTE Energy is actively developing three projects located in Southwest Ohio, West Texas and North Carolina as well as pursuing early-stage opportunities in several other locations. For more information, visit www.nteenergy.com. For more information on the Middletown Energy Center, visit www.middletownenergycenter.com.
Copyright Business Wire 2014