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SWEPCO awards $700 million contract for Fulton power plant Saturday, May 5, 2007 Arkansas News Bureau LITTLE ROCK - Southwestern Electric Power Company has awarded a $700 million engineering, procurement and construction contract as part of its plans to build a new $1.3 billion, 600-megawatt coal-fueled power plant in Fulton, SWEPCO announced Friday. The contract went to The Shaw Group of Baton Rouge, La. The plant is still pending regulatory approval in Arkansas, Louisiana and Texas. Construction should be complete by mid-2011, according to current plans. Operating with higher steam pressures and temperature, the plant will require less fuel per megawatt hour of electricity generated than traditional coal-fired plants, resulting in increased efficiency and reduced emissions, according to SWEPCO. Construction is expected to create as many as 1,400 jobs, the company said. |
