Indianapolis Power & Light (IPL) is planning to build a $631 million combined cycle natural gas-fired power plant near Martinsville, Ind., the company announced Wednesday. The plant will help replace 600 MW of generation the company plans on retiring.
IPL has filed its proposal for the 650 MW power station with the Indiana Utility Regulatory Commission and plans to begin construction on the plant in 2014, which will be completed by 2017.
The construction of the plant would coincide with IPL’s plans to retire six existing units at the Eagle Valley Generating Station and retire or refuel four at Harding Street Generating Station. IPL also plans on converting two units at its Harding Street Generating Station from using coal to using natural gas. That project is subject to approval from the IURC.
If all current IPL proposals are approved by the IURC, the utility could generate nearly 44 percent of its power from natural gas, wind and solar by 2017, according to the company. That would mark a significant change from 2007, when 86 percent of the utility’s power generation came from coal and oil.
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