Competitive Power Ventures (CPV) said May 24 that it has received a key government approval for its proposed 650-MW, $900m Valley energy project in Orange County, N.Y.
CPV said that its “findings statement” was accepted under the New York State Environmental Quality Review Act (SEQRA) on May 23 by the Town of Wawayanda Planning Board, which served as the SEQRA lead agency throughout the four-year environmental review process.
A CPV spokesperson said by phone that three key government approvals remain – the air permit, the water permit and the U.S. Army Corps of Engineers wetlands permit. None of them, however, could be issued prior to the SEQRA approval.
It is expected that all permitting for CPV Valley will be completed in the next several months and that the project could move into construction in Q1 2013, CPV said.
“This is a major achievement for CPV Valley Energy Center which should place this project at the head of the pack in terms of infrastructure improvements being considered by New York State in its Energy Highway process,” said CPV CEO Doug Egan.
This private infrastructure investment will enhance the overall reliability of New York’s electric system not only due to its location in the Lower Hudson Valley, but also due to the plant’s dual fuel capability, CPV said in a news release.
Thanks to dry cooling, this power plant should use 95% less water than similar “wet cooled” generators, CPV said. The water the project does need will come from recycled “grey” water purchased from the city of Middletown.
During the 30-month construction period, the project will employ hundreds of union workers with a construction payroll of more than $100m.
This is the latest of several recent positive developments for Maryland-based CPV.
In March 2012, its CPV St. Charles gas-fueled power plant was selected as a winner in the Maryland Public Service Commission’s RFP for additional in-state generating capacity. In July, CPV broke ground on its Sentinel Energy Center in Southern California, a project that will support the state’s aggressive renewable portfolio standard by backing up intermittent wind energy. In March of last year, CPV’s Woodbridge Energy Center was selected as one of three projects to be built as part of a New Jersey Bureau of Public Utilities RFP.