The project will utilize state-of-the-art combustion turbine technology with advanced emission controls.
LS Power director of project development Tom Hoatson said the company will add a clean and cost efficient power generation resource in New Jersey, while supporting the local economy.
"It is also the culmination of years of development effort, good commercial execution and strong support from key stakeholders" added Hoatson.
Construction of the plant is expected to begin in early 2012 with commercial operations scheduled for 2014.
New Jesey senate president Steve Sweeney said teh facility is expected to create up to 650 construction jobs and $107m in PILOT payments.
