NTE Energy Enters Long-term PPAs for Capacity of Kings Mountain Energy Center

 NTE Energy Enters Long-term PPAs for Capacity of Kings Mountain Energy Center

Three North Carolina municipalities have inked long-term power purchase agreements (PPA) with NTE Energy for electricity generated by a new gas-fired facility.

Black Creek, Lucama, Sharpsburg and Stantonsburg will purchase a portion of the capacity of the 475-MW Kings Mountain Energy Center.

“NTE is pleased to partner with four more North Carolina municipalities that will benefit from our economical, reliable and clean sources of energy in the Carolinas,” said Seth Shortlidge, president and CEO of NTE Energy.

Construction on Kings Mountain began in July 2015 with EPC contractor Gemma Power Systems LLC.  The project features Mitsubishi’s GAC turbine technology in combined-cycle configuration.

Once complete, the facility will be among the most efficient, clean sources of energy in the Carolinas, supplying power to about 400,000 homes.

“We are excited and optimistic about the potential savings to our respective clients by working with NTE,” said Stantonsburg Mayor Bill Edmundson.

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