NTE Energy announced it plans to develop, own and operate one of the most efficient, clean sources of capacity and energy in the Carolinas. The Reidsville Energy Center, located in Rockingham County, NC, will generate enough power to supply 450,000 homes and will represent an investment of over $450 million.
The Reidsville Energy Center will utilize an advanced combustion turbine and a steam turbine in a combined cycle configuration. This highly efficient design captures exhaust heat from the combustion turbine and utilizes it in a steam cycle, allowing the facility to generate approximately 500 MW of clean and efficient electric power.
“NTE is excited to work with Rockingham County and the surrounding communities, and looks forward to bringing clean, efficient and reliable power to the Carolinas,” said Michael Green, vice president of Development, NTE Energy. “This project represents a considerable investment in the community, providing many benefits to the residents of Rockingham County and the state of North Carolina.”
During the construction phase, the Reidsville Energy Center is expected to create approximately 300 construction industry jobs. The majority of construction jobs are expected to be filled by members of the local community. Upon completion, the project is slated to add approximately 15-25 full-time jobs to the Rockingham County area, most of which are expected to come from the local workforce.
“Rockingham County is pleased that NTE Energy selected our community for its latest energy center. If the project comes to fruition, it will create good jobs and help increase our local tax base for many years to come,” said Craig Travis, chairman of the Rockingham County Board of Commissioners.
“Our community appreciates the investment NTE Energy is looking to make in Reidsville and Rockingham County. Not only will the company provide stable jobs in a growing industry but its clean and efficient energy center will be a huge asset to Rockingham County and our entire state,” said Jan Critz, director of the Rockingham County Center for Economic Development, Small Business and Tourism.
NTE Energy has begun the permitting process and submitted its transmission interconnection request to Duke Energy Carolinas. The project is planned to begin construction as early as 2017 and become fully operational as early as 2020. The Reidsville Energy Center will be very similar to NTE Energy’s Kings Mountain Energy Center, currently under construction in Kings Mountain, NC and NTE Energy’s Middletown Energy Center, currently under construction, in Ohio.
About NTE Energy
NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, from initial market and site evaluations to permitting and financing, as well as construction and operation. NTE Energy has completed development, and begun construction on the Middletown Energy Center, located in Southwest Ohio, and the Kings Mountain Energy Center located in Cleveland County, North Carolina, and is actively developing projects located in Connecticut, North Carolina, Ohio, Florida and West Texas, as well as pursuing early-stage opportunities in several other locations. For more information or media inquiries, visit www.nteenergy.com or contact Hannah Jacob at 904-436- 6897 or hjacob@nteenergy.com. For Commercial inquiries, contact Mike Bradley, SVP Commercial at 770-517- 9636 or mbradley@nteenergy.com.
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