Price of coal gasification plant soars
EDWARDSPORT, INDIANA - Duke Energy officials say the cost of the coal-gasification power plant it's building in southwestern Indiana has risen another $150 million, boosting the project's estimated price to $2.5 billion.
Officials of Charlotte, N.C.-based Duke Energy said that the 630-megawatt plant's cost has gone up because its design has required more steel, piping, electric cable and other materials than originally expected. And the latest increase won't be the project's last.
Duke Energy Indiana President Jim Stanley says the utility will provide another cost revision by next March covering labor, engineering, procurement and plant startup costs.
This price increase and future increases must be approved by state regulators before they can be passed onto Duke ratepayers.
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I view energy efficiency as a key enabler to net zero and it is a topic I have been involved with for many years.
As part of my energy efficiency work, I investigated Norwegian practices and compared them with the UK.
There were many differences, here are three;
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