Power plant announcement expected in Texas

The city of Edinburg, Texas, should announce an agreement for development of a new natural gas power plant during the week after Thanksgiving, a city spokesperson confirmed Nov. 21.

The Edinburg City Council voted unanimously Nov. 20 to approve the plant. According to various news reports, Coronado Ventures is planning to build a 700-MW natural gas combined-cycle power plant.

The Monitor newspaper in the Texas Rio Grande Valley reported that city’s agreement calls for Coronado Ventures, under a limited liability corporation called Edinburg Power, to invest $650m to build the power plant. The newspaper also reported that  Hidalgo County commissioners agreed to provide up to four years’ worth of tax abatements while the plant is under construction.

The Edinburg spokesperson told GenerationHub that an agreement has been reached on the power plant and a news conference is expected during the first business week after Thanksgiving.

Efforts to reach Coronado Ventures eary Nov. 21 proved unsuccessful.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.