NTE Energy to develop one of the most efficient natural gas fired power plants in ERCOT
ST. AUGUSTINE, Fla. – NTE Energy announced today that it plans to develop, own and operate one of the most reliable and clean sources of capacity and energy in ERCOT, the Electric Reliability Council of Texas. The Pecan Creek Energy Center, located near Sweetwater, Nolan County, Texas, will generate enough power to supply approximately 200,000 homes and will represent an investment of over $200 million. The Pecan Creek Energy Center will utilize the M501GAC-FAST combustion turbine in simple cycle configuration. This highly efficient design and advanced technology provides up to 270MW in 10 minutes and will be supplied by Mitsubishi Hitachi Power Systems Americas, Inc. (MHPSA). This next generation electric generating technology, fueled by clean burning natural gas, will operate as a peaking generation facility, providing quick start ups and efficient power for ERCOT. “As the energy landscape continues to change, the need for affordable, cleaner peaking generation is essential to enhance system reliability in ERCOT,” said Seth Shortlidge, President of NTE Energy. “NTE Energy looks forward to working with the Nolan County community in developing one of the cleanest, most efficient and most reliable electricity source to help ensure grid reliability.” During the construction phase, the Pecan Creek Energy Center is expected to create approximately 100 construction industry jobs. The bulk of the construction jobs are expected to be filled by the members of local community. Upon completion, the project is slated to add approximately 10-15 full-time jobs to the Nolan County area, most of which are expected to come from the local workforce. The Pecan Creek Energy Center has filed its permit applications and its generation interconnection request with ERCOT. The project is expected to begin construction in the fourth quarter 2014 and become fully operational in the second quarter 2016. About NTE Energy NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation. NTE Energy is actively developing three projects located in West Texas, Southwest Ohio and North Carolina as well as pursuing early-stage opportunities in several other locations. For more information, visit www.nteenergy.com. For more information on the Pecan Creek Energy Center, visit www.pecancreekenergy.com.