Jul 26, 2006

Big money gets US$1 Billion Coal Plant

: "Developers of a US$1 billion coal-burning power plant which aims to be the world's cleanest generating facility will build in either Illinois or Texas, US energy officials said on Tuesday. "We are not being critical, we need this technology. But we need to move faster and don't need to take so long to demonstrate it. The private sector is getting to the future faster than FutureGen," said David Doniger, policy director of the Natural Resources Defense Council's climate center.

With the federal government slated to fund up to US$700 million of the total cost of the project, states have been eager to participate, seeing the plant as a veritable job generator.

In addition to Illinois and Texas, states vying to host the plant were Wyoming, Pennsylvania, Kentucky, Ohio, Colorado, and West Virginia. Construction could begin in 2009, with operations beginning in 2012, developers said. "