Power
Santee Cooper Prepares Cross Unit 3 for Operation and Moves Forward with Additional Coal-Fired Generation
Overall, the company is engaged in project activity totaling over $3.7 billion in capital and maintenance spending - Includes Project Spending Analysis Chart
Released Tuesday, October 17, 2006
Researched by Industrial Info Resources (Sugar Land, Texas). State-owned water and electric utility, Santee Cooper (Moncks Corner, South Carolina) is preparing the 600-megawatt Cross Unit 3 to begin commercial operation within the next seven days. Construction of the $675 million project began in early 2004 and is currently 97% complete. In addition to this most recent unit, the company has completed 30% of the construction on the $720 million, 600-megawatt Cross Unit 4, which started construction during the second half of 2005 and is anticipated to begin commercial operations in 2008.
In addition to these new coal-fired units, the company is also considering building a new coal-fired power plant capable of generating 600-1,200 megawatts. A definite site has yet to be selected, but a site along the Great Pee Dee River in Florence County, South Carolina is under review. If built, the new plant is expected to begin generating electricity during the 2012-2013 timeframe.
Overall, the company is engaged in project activity totaling over $3.7 billion in capital and maintenance spending. This activity represents spending towards projects that are currently in progress as well as planned work scheduled for kick off over the next two to four years. Also, the company is evaluating the possibility of participating in adding a new 1,100-megawatt nuclear unit at South Carolina Electric & Gas (SCANA) (Columbia, South Carolina) Virgil C Summer Nuclear Power Station in Jenkinsville, South Carolina.
For more information on future business trends and project spending in the Power Industry check out Industrial Infos 2006 Global Industrial Outlook.
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Industrial Info Resources (IIR) is a Marketing Information Service company that has been doing business for over 23 years. IIR is respected as the leader in providing comprehensive market intelligence pertaining to the industrial processing, heavy manufacturing, and energy-related industries throughout the world.
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