EWP Renewable Corp. (EWPRC) has announced that it has acquired the rights to develop a 1,100 MW fast-start combined cycle natural gas energy center in Lincoln County, Nev. The project has been in development since 2001, but has been delayed due to unfavorable economic conditions, according to EWPRC.
EWPRC plans to develop this project in two phases, with each phase consisting of a nominal 550 MW power block. The anticipated scheduled completion for the first phase of the project is first quarter of 2016.
EWPRC estimates that the project would require a capital investment of up to $1.8 billion and would generate substantial tax revenues. Each phase of the project would create up to 600 construction jobs over a 28 month period and would provide employment for 20 full-time employees when operational.
Established in 2006 under prior owners, EWPRC was purchased in 2010 by EWP America Inc., an affiliate of Korea East-West Power Co. Ltd. (EWP) based in Seoul, South Korea.
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