Oglethorpe Power to build biomass generation
Designed to use woody biomass the power plants will provide power to OPC's 38 member cooperatives. The plants could cost as much as $500 million each, or $5,000/kW.
The first two biomass power plants are scheduled to be built and placed into operation in 2014 and 2015. A third unit could also be completed and placed into service in 2015.
Each plant will require an annual investment of more than $30 million for fuel stock.
The power plants will be steam-electric generation stations using conventional fluidized bed boiler/steam turbine technology.
The plants will be designed to allow for the co-firing of other types of biomass, such as pecan hulls and peanut shells. There are no plans to use any fossil fuels.
Depending on the location, water would be obtained either from onsite wells, nearby surface waters, from municipal sources or grey water from nearby industries.
OPC has approximately $5 billion in assets, and serves 38 Electric Membership Corporations which, collectively, provide electricity to 4.1 million Georgia citizens. Its energy portfolio includes natural gas, hydroelectric, coal, and nuclear generating plants with a combined capacity of approximately 4,700 MW, as well as purchased power.
Related News
Global oil demand to decline in 2020 as Coronavirus weighs heavily on markets
LONDON - Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s latest oil market forecast.
The situation remains fluid, creating an extraordinary degree of uncertainty over what the full global impact of the virus will be. In the IEA’s central base case, demand this year drops for the first time since 2009 because of the deep contraction in oil consumption in China, and major disruptions to global travel and trade.
“The coronavirus crisis is affecting a wide range…
