Newly planned 900 MW gas plant will help meet ISO-NE capacity concerns
Rhode Island Gov. Gina Raimondo announced the new project with Invenergy CEO Michael Polsky this week, touting the new facility for creating jobs and helping to manage the state’s already-high electricity rates.
“The construction of this clean energy generation facility will create hundreds of jobs while delivering more affordable and reliable energy to our businesses and homes,” Raimondo said in a statement. “We are tackling our regional energy challenges, committing to cleaner energy systems in the long-term, and putting Rhode Islanders back to work.”
Invenergy said it will invest more than $700 million in the new facility, which is expected to add $1.3 billion to Rhode Island’s economy between 2016 and 2034. Facility construction would create more than 300 jobs for local workers, and once operational, would employ 25 permanent employees with total annual payroll of $3.5 million.