CONSOL and Allegheny to build power plant

CONSOL Energy Inc. and Allegheny Energy Inc. have entered into a memorandum of understanding to form a joint venture company to construct and operate an 88mw electric generating facility. The companies are planning to build a simple-cycle gas combustion turbine in Buchanan County, Virginia, on land controlled by CONSOL Energy. Output from the facility will be sold into the competitive marketplace. The plant is estimated to cost USD 50 million and will be fuelled by coalbed methane gas produced by CONSOL Energy’s CNX Gas operations.

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