Coal-fired power project in Georgia loses investor

Cobb Electric Membership Corp.’s board of directors voted Jan. 24 to stop financing its share in building the 850 MW coal-fired Plant Washington in Georgia.

Cobb EMC is part of a consortium named Power4Georgians, and has already put in $13.5 million toward the plans, according to The Marietta Daily Journal. Its 2012 contribution reportedly was to be another $1.7 million. The project is expected to cost $2.1 billion to build.

Cobb EMC reportedly began seeking bids for its future power supplies just before Christmas 2011.

The plant received its air permit in November 2011 and is expected to begin commercial operation in 2017 or 2018.

Read more new coal-fired projects news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...