Competitive Power Ventures ready to go on New York gas plant

Competitive Power Ventures Inc. told the New York Power Authority recently that it has a 650-MW, gas-fired power, the CPV Valley Energy Center, located in Orange County, that should soon have all its major permits in hand.

 CPV received a key approval, the New York State Environmental Quality Review Act approval, in May for the $900m Valley plant.

Competitive Power Ventures is one of dozens of entities that submitted proposals to NYPA under an “Energy Highway” program where the state government is looking for power generation and transmission projects to meet future needs. The state, which unveiled the proposals June 29, will take the next several months to review them, and will take public comment on them until July 31.

The CPV Valley Energy Center a clean combined-cycle power generation project that is expected to deliver over $270m of annual reductions in electric costs for New York ratepayers, significantly reduce harmful pollutants by displacing power generated from older, dirtier generation sources, add dispatch flexibility to spur intermittent renewable resource development and spur over $1bn in private investment in the local economy, said the Competitive Power Ventures proposal. Following over four years of development activity, the Valley plant is nearing completion of all major permits to start construction and represents an immediate actionable project that could meet the goals of the Energy Highway initiative, it added.

The CPV Valley Energy Center offers New York 1,890 of new jobs from the construction of this new $900m facility, and 131 jobs during the operating life of the project. The project is in an advanced stage of development, with a number of interconnection and deliverability studies completed by the New York Independent System Operator (NYISO). “The CPV Valley Energy Center represents an immediate actionable project that could begin construction in 2013 for an in-service date in 2016,” the company said.

This is a nominally rated 650-MW combined-cycle facility located in the town of Wawayanda, Orange County. The project is comprised of two F-class gas turbines and one steam turbine. It will operate primarily on natural gas, to be supplied through the Millennium Pipeline, but will also be capable of operating on ultra-low sulfur diesel as a backup fuel. The project is located within the NYISO Zone G, and will interconnect to New York Power Authority’s 345kV electric transmission line (Line 42) between the Coopers Corners and Rock Tavern substations.

Developer Competitive Power Ventures is a leading North American electric power generation development and asset management company headquartered in Silver Spring, Md. CPV has concentrated on clean energy, developing wind-powered and high efficiency natural gas generation to meet growing electric demands. CPV is majority owned by Warburg Pincus, a leading global private equity firm that has invested over $40bn in approximately 650 companies worldwide

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.