EWP Renewable (EWPRC), a renewable energy company, has announced that it has received the rights for the development of a 1,100 MW fast start natural gas energy center in Nevada.
The center has been under development from 2001. However, unfavorable economic conditions have delayed the project, which has now been taken up again due to better market conditions including increasing renewable energy portfolios, low price of natural gas and the negative factors of coal plants. Older coal plants are not environmentally friendly.
The natural gas energy center is situated in Lincoln County, Nevada, and is a fast start combined cycle plant with high efficiency. The 1,100 MW plant is to be developed in two phases. Each phase will comprise a nominal 550 MW power block. The first phase is slated for completion in the first quarter of 2016.
Each phase of the project is expected to take 28 months and is expected to create nearly 600 construction jobs. When the plant commences its operations, 20 employees will be working full-time.
The natural gas energy center will need an investment of nearly $1.8 billion, according to estimates. Over the next couple of months EWPRC intends to meet its stake holders concerning the gas energy center project.
The COO of EWPRC, John Wood, commented that EWP Renewable was happy to participate in the natural gas energy project. Fast start natural gas energy projects are required when sunlight or wind are not available in abundance. The combined cycle natural gas technology complements renewable energy, he said.