US DOE Makes Way For Efficient Coal Plant To Be Built In Fla
U.S. Energy Secretary Samuel Bodman has signed a so- called record of decision that makes way for a $569 million coal-fired power plant to be built near Orlando, Fla., the Department of Energy said Tuesday.
The plant, which will use a unique coal gasification technology to make it cleaner and more efficient than traditional coal plants, will be co-owned by Southern Co. (SO), the Orlando Utilities Commission and engineering services company Kellogg, Brown and Root.
The Energy Department will provide 41% of the funding, or $235 million.
The project is one of three that is part of President George W. Bush’s Clean Coal Power Initiative, which seeks to advance innovative, more environmentally friendly energy technologies.
The other projects involve Excelsior Energy Inc. and ConocoPhillips (COP).
“The innovative technologies we are funding through President Bush’s Clean Coal Power Initiative hold the promise of generating clean, reliable, and affordable electricity in the United States, utilizing our most abundant natural resource, coal,” Bodman said in a statement. “Southern Company’s proven combined-cycle approach increases the amount of electricity that can be generated from a given amount of fuel and takes us to the next step in implementing this technology on a wide scale, commercial basis.”
Information from: www.nasdaq.com