MIDDLETOWNS, Ohio -- A proposed natural gas-fired power plant could bring hundreds of jobs to Middletown.
The St. Augustine, Fla.-based NTE Energy announced Tuesday that it plans to build and operate a $500 million plant in Middletown that will generate enough power for about 400,000 homes.
Company officials said the Middletown Energy Center will use a Mitsubishi Power Systems Americas M501JAC combustion turbine. The design captures head exhaust from the turbine and uses it in a steam cycle, generating about 500 megawatts of power.
The company described the turbine as next-generation technology and said that it should create 60 percent less emissions than older, traditional power plants.
The project is expect to create about 300 to 400 jobs during the construction phase. NTE Energy said the bulk of those jobs are expected to be filled by union members.
Once completed, the project is slated to add 25 to 30 fulltime jobs to the Middletown area.
The company said it has already started to file for permit applications. Construction is expected to begin in 2015 and they hope to have the plant fully operational in 2018.
“As the energy landscape continues to change, the need for affordable, cleaner base load generation is upon us,” Seth Shortlidge, President of NTE Energy, said in a release. “NTE Energy looks forward to working with the Middletown community in developing one of the cleanest, most efficient, and most reliable sources to fulfill this growing demand.”
According to WHIO-TV, NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. NTE is actively developing three projects located in southwest Ohio, West Texas and North Carolina as well as pursuing early-stage opportunities in several other locations.