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Groundbreaking Tuesday for new Middletown power plant

MIDDLETOWN — A groundbreaking ceremony will be held Tuesday for construction of the new natural gas-fired power plant to be built in Middletown.

The ceremonial kick-off to mark the start of the project, for which construction is expected to last until 2018, comes after developer NTE Energy closed a deal for financing for the project earlier this month. Construction work on site has already started.

Lenders and business partners committed approximately $645 million to the project, according to the company. Previously stated cost estimates were $500 million. Projections are that the equivalent of 200 full-time temporary construction jobs will be created, according to the city.

Florida-based NTE Energy plans to build the power plant near the intersection of Cincinnati-Dayton and Oxford State roads. Once Middletown Energy Center opens in 2018, NTE officials have previously said it could produce more than 500 megawatts of electric power year-round and provide a cleaner source of energy to the region’s electricity supplies.

Financing represented the last major hurdle in the way of facility construction starting.

Middletown Mayor Larry Mulligan spoke before a forum held Saturday for city council candidates, although he is not running and his seat is not up for re-election. While providing an update on the city, Mulligan said that the NTE’s investment in the project is almost twice the size of the approximately $350 million Liberty Center retail complex that opened Oct. 22 in Liberty Twp.

“It really positions Middletown as a center for good, efficient, clean power,” Mulligan said.

Find complete coverage of the power plant’s development online only at www.journal-news.com/middletown-power-plant/ including past stories, renderings and other information about the project.

In related news, Cove Point terminal on schedule to help relieve gas glut.

This article was written by Chelsey Levingston from Journal-News, Hamilton, Ohio and was legally licensed through the NewsCred publisher network.