Planned coal-fired power plant gains new investor

Power4Georgians announced a new investor in the $2.1 billion, 850 MW coal-fired Plant Washington in Georgia.

According to The Macon (Ga.) Telegraph, Taylor Energy Fund LLC formally joined the project to build the plant. The fund is managed by Tim Taylor, who recently retired as president and CEO of Public Service Co. of Colorado.

Taylor Energy Fund will assume a 40 percent stake in the project and help finance any remaining development costs, including environmental permits and legal challenges, according to the article. Environmental groups, as part of a legal settlement, agreed to drop a lawsuit against Plant Washington. That is expected to be finished up within the next few weeks, the article said.

Construction on the project is expected to begin by April 2013, according to the article.

Read more new coal 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...