Dominion has acquired a power station development project in northwest Virginia from Competitive Power Ventures. The station will generate about 600MW of electricity when completed.
The 34-acre project will host a combined-cycle, natural gas-fired power station. Dominion plans to build a 2-on-1 unit in which two gas turbines generate electricity and exhaust heat produces steam to generate additional electricity. The equipment vendor has not been selected. The purchase price is confidential.
The development project is located about three miles north of Front Royal, Virginia in Warren County. The construction and operation timetable will be determined by future load growth and market conditions.
Thomas Farrell, chairman, president and CEO of Dominion, said: This acquisition fits very well into our plan of meeting the projected need of at least 4,000MW of additional electric capacity during the next decade, even after taking conservation efforts into account. We plan to meet our customers’ growing demand for energy with a mix of energy conservation and new generation, including renewable energy.