Eagle Valley Combined Cycle Power Plant-IPL

Alert 1123       IPL to build 650 MW Combined Cycle Power Plant at Eagle Valley Station

Indianapolis Power & Light (IPL) said  it plans to build a $631 million natural gas-fired combined cycle power plant in south-central Indiana as part of its push to meet tougher environmental regulations. The Indianapolis-based utility said it hopes to begin construction next year of a 650 MW combined cycle power station near Martinsville, pending regulatory approval. “We considered all of our options during a very extensive and competitive evaluation process,” IPL CEO Ken Zagzebski said in a prepared release. “Building a gas-fired power plant is the most affordable and reliable solution for our customers.” Construction of the new power plant adjacent to the Eagle Valley station about five miles north of Martinsville is set to begin in 2014 and be completed in 2017. The plant will help replace power lost as IPL shuts down six existing units at the Eagle Valley Generating Station (previously HT Pritchard) in March 2016. That station has a production capacity of 341 MW.

IPL press release May 1, 2013      Power plant will be one of the cleanest, most efficient in Indiana

Indianapolis Power & Light Company (IPL) announced plans today to power the future needs of its customers by constructing one of the cleanest, most efficient thermal power plants ever to be built in Indiana.  IPL filed its request with the Indiana Utility Regulatory Commission (IURC) to invest $631 million into a new combined-cycle gas turbine (CCGT) power station near Martinsville. “We considered all of our options during a very extensive and competitive evaluation process,” said IPL CEO Ken Zagzebski. “Building a gas powered plant is the most affordable and reliable solution for our customers and complements our generation portfolio that includes coal, gas, wind, solar and oil.”

IPL plans to retire six existing units at the Eagle Valley Generating Station and retire or refuel four at Harding Street Generating Station, with a combined total of 600 megawatts (MW) or 18% of the Company’s generation capacity.  The new natural gas plant will generate about 650 MW of electricity more efficiently and with fewer environmental emissions.