Cinergy Plans VA Power Plants, Gas Line
Cinergy Capital & Trading, Inc. said it may build four gas-fired generating units at an industrial park in Martinsville, VA, and add to the gas pipeline infrastructure there to support the plant and the gas needs of the surrounding area.
The proposed power units, which would produce a total of 330 MW of electricity and cost $150 to $180 million, would provide peaking power supply and improve the reliability of electric service in the east-central region, Cinergy said.
A 35-year-old, four-inch diameter gas line will be upgraded to a 16-inch to 20-inch diameter line to provide gas for the facility and to increase the supply of gas available in the Martinsville area, Cinergy said. The plant would tie into an existing electric transmission line at the industrial park.
"We are very interested in the Martinsville location as a potential site," said Art Vivar, vice president of business development for Cinergy Capital &Trading. "We are familiar with Martinsville through their involvement in the Blue Ridge Power Agency to which we provide power, and we are very appreciative of the assistance we have received from the mayor and city administration in reviewing sites for possible development."
Under a preliminary construction schedule, work at the site would begin in the fall of 2002 with an expected completion date of the summer of 2003. Cinergy still must obtain regulatory approval for the project.
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