NTE – Kings Mountain Energy Center 475 MW – North Carolina - Project Profile
"NTE – Kings Mountain Energy Center 475 MW – North Carolina - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "NTE – Kings Mountain Energy Center 475 MW – North Carolina - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
NTE Energy LLC (NTE) is undertaking the construction of a gas-fired power plant in Kings Mountain, North Carolina, the US.
The project involves the construction of a 475MW natural gas-fired power plant on 117ha of land. The project includes the construction of a powerhouse, a substation, gas storage tanks and other related infrastructure facilities, the installation of generators and transformers and the laying of transmission lines.
The project features an advanced Mitsubishi Hitachi Power Systems Americas M501GAC combustion turbine generator, a Vogt Power International supplementary fired heat recovery steam generator and a Toshiba America Energy Systems steam turbine generator.
Vogt Power International Inc. was appointed as sub-contractor for engineering and fabrication of Heat Recovery Steam Generator (HRSG).
Mitsubishi Hitachi Power Systems Americas Inc. was appointed as sub-contractor for the engineering and fabrication of the M501GAC combustion turbine.
Toshiba America Energy Systems Inc. was appointed as sub-contractor for the engineering and fabrication of the steam turbine.
Williams/TRANSCO was appointed as engineering design consultant for the design/construction of tap lines and gas yard on NTE property for the facility's gas supply.
Duke Energy Carolinas LLC was appointed as sub-contractor for the transmission system upgrades to support facility testing and operations.
In January 2014, NTE submitted Interconnection Application to the City of Kings Mountain.
In July 2014, NTE secured an investment for the implementation of the project. Guggenheim Partners, LLC, will work with NTE Energy to finalise the development and prepare projects construction financing.
On October 28, 2014, The North Carolina Utilities Commission (NCUC) has granted a certificate of public convenience and necessity for the construction.
In November 2014, NTE has entered into a long-term Power Purchase Agreement (PPA) with the city of Kings Mountain. Black Creek, Lucama, Sharpsburg and Stantonsburg will purchase power.
In March 2015, NTE executed interconnection agreement.
In April 2015, NTE secured air permit.
On July 28, 2015, ground breaking ceremony was held.
On August 20, 2015, Gemma Power Systems, LLC (GPS) was awarded Engineering, Procurement and Construction Services (EPC) contract and has received Interim Notice to Proceed (INTP) the construction activities on the project from NTE.
On March 14, 2016, GPS received Full Notice to Proceed (FNTP) to commence main construction.
On March 16, 2016, NTE achieved financial closure and secured US$605 million in finance, US$387 million in senior secured credit facilities through a group of nine financial institutions, led by ING Capital LLC and MUFG Union Bank NA, and US$218 million in equity commitments from Capital Dynamics and Wattage Finance-NC LLC.
In December 2016, 22% of construction works were completed.
Construction activities are underway and are scheduled to be completed by third quarter 2018.
The project involves the construction of a 475MW natural gas-fired power plant in Kings Mountain, North Carolina, the US.
The US$605 million project includes the following:
1. Construction of a powerhouse
2. Construction of a substation
3. Construction of gas storage tanks
4. Installation of generators and transformers
5. Laying of transmission lines
6. Laying of Gas pipelinesReasons To Buy
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook