POWER Magazine•4 months ago
South Korean Groups Backing New 1.25-GW Coal-Fired Power Plant in Alaska
- •A new 1.25 GW coal-fired power plant, the Terra Energy Center, is proposed for Alaska with a $1 billion agreement involving Hyundai Heavy Industries Power Systems.
- •This project marks the first new coal plant built in the U.S. in over a decade, indicating a significant and potentially controversial shift in baseload generation strategy or unique regional energy demands.
- •For developers and large power consumers, this represents a substantial long-term baseload capacity addition in Alaska, which could impact regional power prices, grid stability, and emissions profiles.
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