HARLINGEN — After a four-year delay, a Plano company is ready to start construction on a $400 million power plant.
Coronado Power Ventures will build the 650-megawatt natural gas-fueled power plant on 80 acres just east of Valley International Airport.
The plant will create about 25 to 30 permanent jobs and as many as 700 temporary jobs during a 30-month construction period.
The company, which announced the project in 2012, delayed plans for about four years to secure financing.
The power plant will help meet the region’s growing demand for energy, HarlingenMayor Chris Boswell said yesterday.
Boswell said the plant will generate power to help draw industry and manufacturing to the area.
“For the future growth in the Valley, we have to increase our capacity to access power,” Boswell said. “It will be difficult to attract more industry and manufacturing without it.”
The plant, projected to fuel as many as 700,000 homes, will help reduce the region’s power outages.
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