Moundsville Power ready for financing on West Virginia project

Now that the West Virginia Public Service Commission has approved the siting certificate for a 549-MW combined-cycle natural gas plant, Moundsville Power LLC said Feb. 16 that it can now proceed to financing.

Construction is scheduled to begin in late 2015, with the plant operational in early 2018, the company noted. The Moundsville Power facility will be a wholesale generator for the PJM Interconnection grid. The PSC approval was issued on Feb. 13.

“We are very pleased with this announcement,” said Andy Dorn, a partner with the company. “Our heartfelt thanks go out to the West Virginia Public Service Commission and its staff, Governor [Earl Ray] Tomblin, the Regional Economic Development Council, Project BEST, the Affiliated Construction Trade, the Marshall County Commission and, especially, to the people of West Virginia.”

The plant will utilize $105m of natural gas and ethane annually sourced from West Virginia producers and processors. Located in the center of the Marcellus and Utica shale formations, the plant will have direct access to low–priced gas from numerous providers. The plant is located within 7 miles of three interstate pipelines. Once operational, it is expected to be the largest user of natural gas in the state. The plant will be the first power plant in the U.S. to burn ethane, Moundsville Power noted.

The power plant will be built on a 37-acre portion of land south of Moundsville, a site that previously held the Allied Chemical Plant.

According to an economic impact study performed by Tom S. Witt, PhD, of Witt Economics LLC in Morgantown, the project will average more than 400 construction jobs during the estimated 30-month construction period. Witt projected the annual economic impact during construction would be in excess of $815m.

Black & Veatch, a global engineering, consulting and construction company will design and build the plant. General Electric, the world’s largest manufacturer of power plant turbines and generators, will provide the natural gas and steam turbines as well as other power island equipment. General Electric will also provide a long-term maintenance agreement to ensure efficient operation of the power project. The plant will use GE 7F.04 gas turbines in a two-by one-configuration.

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.