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Published on: 9/8/2007
Last Visited: 12/25/2008
"Indeed I have it here," Roy Hart of NuCoastal said Wednesday morning when he confirmed Texas Commission on Environmental Quality has given a favorable nod on the plant's water quality permit.
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Hart also said he was happy about the permit approval and looks forward to the development of the project.
"We have begun discussion about the plant with the Port Authority," Hart said.
"We will develop the document to buy the plant for $15 million."
NuCoastal Power Company is currently building a 300-megawatt plant in Victoria.
"And, now, we will build another 300 megawatt plant in Point Comfort," Hart said.
"We will be selling in the electric market to a group called Electric Reliability Council of Texas (ERCOT).
We will be making a major $300 million investment in the power plant.
We are working on the finances needed to move forward on the development of the plant."
Hart estimates the plant will be completed in 2012 but construction should begin in May 2008.
At peak construction he says there will be 600 workers on the job site.
"We are discussing contracting bids out," Hart said.
"We do not have bids advertised yet."
In August, a precedent-setting agreement was announced by Hart which paved the way for the permitting of the 303-megawatt Point Comfort NuCoastal power plant.
According to Hart, the environmental organization Sustainable Energy and Economic Development (SEED) Coalition, Public Citizen and the NuCoastal Power Corporation "forged the agreement for the plant, which would burn petroleum coke as fuel and would be located at the site of the old Ennis Joslin power plant in Point Comfort."
"This appears to be the first time any power plant in the nation has agreed to offset all its mercury emissions and the first time a plant in Texas has agreed to offset its carbon dioxide emissions," Hart said.