Industrial Info Tracks More Than $12 Billion in U.S. Natural Gas-Fired Power Project Completions in First-Half 2018

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $12 billion in planned natural gas-fired power project completions in the U.S. in the first half of this year, including $11.47 billion in capital projects and $896 million in maintenance projects. The Northeast market region, with $4.38 billion in planned completions, leads the U.S. in terms of project value, followed by the Great Lakes region with $2.29 billion and the Mid-Atlantic region with $1.8 billion.

Click on the image at right for a breakdown by market region of planned U.S. natural gas-fired project completions in the first half of 2018.

As coal-fired and nuclear plants throughout the country are closing due to environmental, financial or political reasons, inexpensive, abundant natural gas has become the fossil fuel of choice in new plant construction, driving a wave of grassroot construction.

Among the top natural gas-fired projects planned for completion is Panda Power Funds' (Dallas, Texas) Hummel Power Station near Shamokin Dam, Pennsylvania. Construction on the project began in the second half of 2015, with Bechtel Group Incorporated (San Francisco, California) providing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $850 million. The combined-cycle plant will have a generating capacity of 1,000 megawatts (MW) and will use Siemens equipment. For more information, see Industrial Info's project report.

In Memphis, Tennessee, the Tennessee Valley Authority (NYSE:TVE) (TVA) (Knoxville, Tennessee) is wrapping up construction on the 1,000-MW Thomas H. Allen Power Station. Construction began in early 2016. The plant is being constructed on a 73.3-acre site and is replacing a 702-MW coal-fired plant. For more information, see Industrial Info's project report and February 12, 2018, article - End is in Sight for TVA's 10-Year, $10 Billion Capital and Maintenance Plan.

Pure Energy Resources LLC (Burlington, Massachusetts) is in the final stages of construction on its Lordstown Energy Center in Lordstown, Ohio. Kokosing Industrial Company (Westerville, Ohio) is performing EPC work. The project, which has an estimated TIV of $890 million, began construction in early 2016 and will have a generating capacity of 940 MW. The facility will use Siemens equipment. For more information, see Industrial Info's project report.

In Indiana, AES Corporation (NYSE:AES) (Arlington, Virginia) is nearing completion of its Eagle Valley Energy Center near Martinsville. Construction began in the first half of 2015, with Chicago Bridge & Iron Company NV (NYSE:CBI) (The Hague, Netherlands) providing EPC work. The project has an estimated TIV of $600 million and will generate 671 MW. Like the TVA project, Eagle Valley will be replacing a coal-fired power plant, which was retired in 2016. For more information, see Industrial Info's project report.

While grassroot project activity accounts for the bulk of spending in the U.S. natural gas-fired sector, Industrial Info also is tracking more than 280 maintenance projects planned for the first half of this year. Among these is Public Service Enterprise Group Incorporated's (NYSE:PEG) (Newark, New Jersey) maintenance on it combined-cycle Unit 1 at its Bethlehem Energy Center near Glenmont, New York. The 35-day outage is expected to be wrapped up early next month. For more information, see Industrial Info's project report.

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.