Competitive Power Venture Inc. (CPV) has proposed a 1,800 MW combined-cycle natural gas power plant in West Virginia that could allow the Appalachian Basin production leader to create and distribute more low-carbon power.

CPV announced the potential $3 billion investment in Charleston, WV, earlier this month alongside Sen. Joe Manchin (D-WV). Maryland-based CPV also disclosed the project could be one of the first major infrastructure investments to take advantage of incentives under the Inflation Reduction Act of 2022 (IRA).

CEO Gary Lambert said West Virginia’s recent approval of a CCS regulatory framework and the IRA’s credits for low-carbon infrastructure projects help clinch the Mountain State as the home for CPV’s latest project.

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