Lufkin readies for $700M Pinecrest Energy CenterLufkin readies for $700M Pinecrest Energy Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=26252014-11-01T12:23:00Z2014-10-31T00:00:00Z

LUFKIN, ANGELINA COUNTY - The $700 million Pinecrest Energy Center, a gas-fired electrical plant, has received final approval of all necessary permits to begin construction on 83 acres in Lufkin Business Park near SH 103 and Loop 287.

Pinecrest Energy, a subsidiary of Coronado Power Ventures, plans to begin construction during first quarter 2015. The hope is to be operational by summer 2017 in order to meet peak demand.

The plant is expected to produce 730 megawatts of electrical power, which can provide power to about 700,000 homes. The facility will utilize the most recent advanced emissions-control technology, resulting in one of the cleanest natural gas-fueled power plants in Texas.

Construction of the facility will generate approximately $1.4 billion in economic output, and a tax abatement will keep the company from having to pay taxes to the city, college, and county for the first four years.

Plans call for 3,342 direct, indirect and induced construction jobs during the project, which will generate an estimated $379 million in salaries for area workers, according to Deputy City Manager Keith Wright.

Once the plant is operational it will employ 25 to 30 workers with annual salaries in the $75,000 range.

Coronado Ventures selected Lufkin as the site for their plant based in part on the availability of surface water. Although not all developed, the city has water capacity of 72 million gallons per day, while its summer peak usage is currently 14 million gallons per day.

“We’ve had all sorts of businesses that have employed a lot of people and had a great tax roll, but this power plant, Project 800, Pinecrest Energy Center, is going to go on the map as one of the greatest things that has happened in Lufkin and Angelina County in forever,” said Mayor Bob Brown.

The company also plans a 690-megawatt natural gas power plant in Harlingen and a 700-megawatt natural gas power plant in Edinburg, according to the Brownsville Herald.

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