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Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Entergy Louisiana LLC (New Orleans, Louisiana), a unit of Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana), plans to build a 994-megawatt (MW) gas-fired combined cycle power plant in southwestern Louisiana. State utility regulators approved plans to build the Lake Charles Power Station June 28. The plant will be built in Westlake, Louisiana.
Construction of the Lake Charles Power Station, an $872 million project, is scheduled to begin soon and be completed in June 2020. Chicago Bridge & Iron Company NV (NYSE:CBI) (The Hague, Netherlands) is providing engineering, procurement & construction (EPC) services to that project.
Building Lake Charles Power Station will save customers between $1.3 billion and $2 billion over the 30-year lifetime of the plant compared to what they would pay without that facility, Entergy estimated. The high-efficiency power station also will avoid about $600 million of transmission spending that otherwise would be needed to maintain reliability in the Lake Charles region, the utility said.
"The Lake Charles Power Station will supply the energy we need to help the communities and customers we serve prosper," Phillip May, president and chief executive of Entergy Louisiana, said in a statement following the June 28 decision by the Louisiana Public Service Commission (Baton Rouge, Louisiana). "This plant will not only provide needed generating capacity for the fast-growing region, but it's another step in our ongoing effort to upgrade Entergy Louisiana's plants so they operate more efficiently, affordably and with fewer emissions," he added.
Building the station will allow Entergy Louisiana, which provides electric service to over 1 million customers in the greater Baton Rouge area, to reduce its dependence on aging, less-efficient power plants, which tend to have higher costs than high-efficiency natural gas combined cycle (NGCC) generation.
"This project will not only help customers' budgets in the long run, but it will reduce our environmental footprint as well. Compared to our older natural gas-fired plants, combined-cycle units like the Lake Charles Power Station will, on average, cut carbon dioxide emissions by approximately 40%," May said.
Construction of the project is expected to create about 1,200 direct and indirect jobs, the utility projected.
Southwestern Louisiana has seen a high level of industrial project activity in recent years, mainly concentrated in the Oil & Gas Production and Chemical Processing industries. A significant amount of project activity in the Oil & Gas industry is tied to construction of liquefied natural gas (LNG) export terminals.
Industrial Info is tracking about 127 projects in southwestern Louisiana valued at approximately $40.9 billion that are scheduled to begin construction over the next 24 months. The largest active projects scheduled to begin construction over that time include:
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Construction of the Lake Charles Power Station, an $872 million project, is scheduled to begin soon and be completed in June 2020. Chicago Bridge & Iron Company NV (NYSE:CBI) (The Hague, Netherlands) is providing engineering, procurement & construction (EPC) services to that project.
Building Lake Charles Power Station will save customers between $1.3 billion and $2 billion over the 30-year lifetime of the plant compared to what they would pay without that facility, Entergy estimated. The high-efficiency power station also will avoid about $600 million of transmission spending that otherwise would be needed to maintain reliability in the Lake Charles region, the utility said.
"The Lake Charles Power Station will supply the energy we need to help the communities and customers we serve prosper," Phillip May, president and chief executive of Entergy Louisiana, said in a statement following the June 28 decision by the Louisiana Public Service Commission (Baton Rouge, Louisiana). "This plant will not only provide needed generating capacity for the fast-growing region, but it's another step in our ongoing effort to upgrade Entergy Louisiana's plants so they operate more efficiently, affordably and with fewer emissions," he added.
Building the station will allow Entergy Louisiana, which provides electric service to over 1 million customers in the greater Baton Rouge area, to reduce its dependence on aging, less-efficient power plants, which tend to have higher costs than high-efficiency natural gas combined cycle (NGCC) generation.
"This project will not only help customers' budgets in the long run, but it will reduce our environmental footprint as well. Compared to our older natural gas-fired plants, combined-cycle units like the Lake Charles Power Station will, on average, cut carbon dioxide emissions by approximately 40%," May said.
Construction of the project is expected to create about 1,200 direct and indirect jobs, the utility projected.
Southwestern Louisiana has seen a high level of industrial project activity in recent years, mainly concentrated in the Oil & Gas Production and Chemical Processing industries. A significant amount of project activity in the Oil & Gas industry is tied to construction of liquefied natural gas (LNG) export terminals.
Industrial Info is tracking about 127 projects in southwestern Louisiana valued at approximately $40.9 billion that are scheduled to begin construction over the next 24 months. The largest active projects scheduled to begin construction over that time include:
- Westlake Grassroot Echo 1 Gas-To-Liquids (GTL) Plant, a roughly $7 billion project being developed by Sasol North America Incorporated (Westlake, Louisiana), a unit of Sasol Limited (NYSE:SSL) (Johannesburg, South Africa.). Low oil prices have challenged the economics of this project.
- Driftwood Grassroot LNG Liquefaction, Production and Export Terminal, a $5 billion project scheduled to begin construction in mid-2018. Driftwood LNG LLC (Houston, Texas), a unit of Tellurian Incorporated (NASDAQ:TELL) (Houston, Texas), is developing this project, which aims to liquefy and export up to 5.2 million tons of LNG per year.
- Lake Charles Westlake Grassroot Petroleum Coke-to-Methanol Plant with carbon capture technology, a $3.35 billion Chemical Processing facility being developed by Lake Charles Methanol LLC (Westlake, Louisiana).
- Lake Charles Grassroot LNG Liquefaction & Export Terminal. Phase 1 of this project is valued at about $3 billion. Construction is scheduled to begin in late 2018 and the facility is expected to be operating by late 2021.
- Venture Global Calcasieu Grassroot LNG Liquefaction and Export Terminal, an approximately $2.5-billion project with liquefaction and export capacity of 5 million tons per year being developed by Venture Global LNG LLC (Washington, D.C.).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
