Kiewit Corporation Wins General Contract for TVA's Allen Power Station Project

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Tennessee Valley Authority's (NYSE:TVC) (TVA) (Knoxville, Tennessee) 1,000-megawatt (MW) Thomas H. Allen Power Station, which is to be located in Shelby County, Tennessee, is one step closer to becoming a reality. Kiewit Corporation (Omaha, Nebraska) recently won the general contract for the project, which will replace three coal-fired units with a natural gas-fired facility.

Construction is scheduled to kick off in first-quarter 2016, with completion in mid-2018. The project will utilize two General Electric (NYSE:GE) turbines to generate enough energy to power 1 million homes. Kiewit will be responsible for hiring subcontractors.

The project has a total investment value of $975 million. TVA is seeking to meet a December 2018 deadline for complying with new greenhouse gas emissions regulations proposed by the U.S. Environmental Protection Agency.

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