NTE Energy to develop three gas-fired plants in US at $2bn

NTE Energy is planning to develop three natural gas-fired combined cycle facilities in the US, with an investment of $2billion. The firm is likely to invest more than $900m to build the 1000MW Pickaway Energy Center planned in Ohio.

The company plans to invest about $500m each in the 500MW Reidsville Energy Center in North Carolina and 500MW Killingly Energy Center in Connecticut. NTE Energy expects to commence construction of the three facilities between 2017 and 2018.

The three natural gas-fired plants will feature advanced turbine technology in combined cycle configurations and are expected to be fully commissioned between 2020 and 2021. The Pickaway Energy Center will generate electricity required to power nearly 800,000 homes while the Killingly Energy Center and the Reidsville Energy Center will each be capable of powering approximately 450,000 homes.

At present, NTE is constructing 475MW Kings Mountain Energy Center in North Carolina, and 475MW Middletown Energy Center in Ohio. The plants are expected to enter service in 2018. In November 2015, NTE Energy has an agreement to supply portion of power generated from the Kings Mountain gas-fired power plant to the Towns of Black Creek, Lucama, Sharpsburg, and Stantonsburg.