Dominion Virginia Power has received approval from the Virginia State Corporation Commission to build a natural gas fueled power station near Lawrenceville in Brunswick County.
The construction of the 1,358MW combined cycle, natural gas-fired power station will begin immediately and is likely to come online in the summer of 2016.
The project, which is expected to cost $1.bn, will employ around 380 workers annually during the construction phase.
The company has also received approval for a Certificate of Public Convenience and Necessity for transmission interconnection facilities needed to connect the station to the gird and a rate adjustment clause, Rider BW, which will allow the company to recover costs of the project.
The transmission facilities include a 13.5 mile of 500kV transmission line that will connect the station to an existing transmission line.
Dominion chairman, president and CEO Thomas F. Farrell II said, "The Brunswick Power Station will produce significant customer benefits in helping to keep power costs low and reliability high. It also will benefit Virginia in terms of cleaner air and providing a major economic boost for the region."