Roy J. Hart

According to Roy Hart, Chief Executive Officer of NuCoastal Power, "We are extremely bullish on the market dynamics of the southern zone ERCOT market.

"We firmly believe in this agreement and hope it sets a model for the electrical industry in the USA," said NuCoastal's representative Roy Hart.

"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.

Roy J. Hart, project director for NuCoastal, said his company's plant would use the most environmentally friendly commercially available technology.

He said the technology is "well-proven", has been OK'd for permits in other Gulf Coast states, is approved by the federal Environmental Protection Agency, and meets all applicable state and federal air-quality requirements.

Fowler referred that question to NuCoastal's Roy Hart, who could not be contacted.
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That meant Hart was also unable to talk about how much the new jobs would pay or what the purchase price of the plant was.

The Victoria Power Plant is being transformed into a thermal energy plant that will produce about 3,000 megawatts of energy, said Roy Hart, development director for NuCoastal Corporation, Thursday at the Victoria Economic Development Corporation semi-annual meeting.