Navasota Energy is pursuing the development of a $300-million, 400-MW power project in Minnesota, said a Nov. 27 report in the Mesabi Daily News.
The report said the Cohasset City Council on Nov. 24 approved a letter of support for the proposed Itasca Energy Center (IEC) project. This is a $300 million capital investment project which would see a natural gas energy facility built on 30 acres in the Cohasset Phase II Industrial Park, said Mayor Greg Hagy.
“The project will be a state of the art 400 megawatt power facility,” said a letter from Hagy included in the council packet for the Nov. 24 meeting. “Construction is scheduled to begin in 2018 after the permitting process is complete.”
The letter added: “The IEC will help provide clean, reliable energy for Minnesota and will improve environmental conditions by allowing Minnesota to retire older plants and improve regional air quality. Combined-cycle, gas-fired generation projects like IEC can operate 24 hours a day and provide grid stability vital to the use of renewable energy. Without base-load producers that can regulate generation output up and down as needed, the transmission grid can’t accommodate intermittent renewable generation from wind and solar facilities. Natural gas is a safe, clean source of reliable domestic energy production, and combined-cycle facilities achieve fuel efficiencies up to 60 percent. The IEC is a great example of the way we can meet our domestic energy needs, safeguard the environment and promote economic development.”
The letter also said: “The City of Cohasset fully supports the Navasota project and is looking forward to welcoming them as the first customer in the Phase II Industrial Park.”
In the discussion during the council meeting, Hagy explained that there will be a bidding process for the project and the city should know by February if it will come to Cohasset. After the meeting, Hagy said that Navasota is based out of Texas.