Power plant to be built in EdinburgPower plant to be built in Edinburghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89602012-11-26T07:02:00Z2012-11-26T00:00:00Z

EDINBURG - The City of Edinburg has approved a ten-year incentive package for construction of a natural gas power plant. Coronado Ventures plans to construct a 700-megawatt electric generating facility

The three-year construction process will also generate about 500 construction jobs. Once operational, the facility will employ 30 full-time workers with an average annual salary of $75,000.

The city’s agreement calls for Coronado Ventures, under a limited liability corporation called Edinburg Power, to invest $650 million to construct the natural gas-fueled power plant that will generate enough power for 350,000 homes.

Hidalgo County commissioners will provide up to four years’ worth of tax abatements while the facility is under construction.

The Monitor
Infrastructure & Transportation
http://www.themonitor.com/news/local/article_3daaf8d6-3395-11e2-9f2f-0019bb30f31a.htmlRead more at {Source}

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