Competitive Power Ventures plans to develop a $1-billion, privately-funded, natural gas-fired power facility in Grundy County, Illinois, about 50 miles southwest of Chicago.
The CPV Three Rivers Energy Center project will be a 1,100-MW, combined-cycle generator powered by two General Electric “H” class gas turbines, combined with a steam turbine. The project will be located in an unincorporated portion of Grundy County (Goose Lake Township) and will occupy about 30 acres of an 80-acre site in an industrially-zoned area.
CPV said Jan. 28 that it has been analyzing the site for over a year to determine its feasibility for the project. Studies examined, among other things, geology, water supply, electrical interconnection and wetlands. Many additional studies are planned during an intensive permitting process which will be overseen by the Illinois Environmental Protection Agency and the Illinois Department of Natural Resources.
“Having completed a thorough due diligence process over the past year, we are tremendously excited to be at this point where all systems are ‘go’ and we are ready to share our plans with the public,” said CPV President and CEO, Gary Lambert. “The CPV Three Rivers Energy Center has all the makings of an outstanding project: proximate fuel supply, transmission, excellent site location in an industrial area, superior-trained workforce and most of all, a wonderful community.”
The project is projected to take two-to-three years to permit and two-and-a-half years to build. The company has committed to employing union labor as it does at its other projects across North America, and estimates upwards of 500 workers on site over the construction period and 25 full-time, skilled staff on site once operational with another 75 indirect jobs created to support the facility.
“Major electric generating facilities are great construction projects as they employ across all the various trades and continue for two-to-three years,” said Michael T. Carrigan, President of the Illinois AFL-CIO. ” We are delighted CPV decided to build their next project here and that they’ve committed to using union labor.”
Headquartered in Silver Spring, Maryland, with offices in Braintree, Mass., and San Francisco, Calif., CPV currently has over 6,000 MW of conventional generation projects in various stages of development across North America. The company’s Asset Management division has more than 4,000 MW of natural gas generation and wind power under management.