Officials to Cut Ribbon on Power Plant

Posted: Updated:
(rendering courtesy Toyota Tsusho Corp.) (rendering courtesy Toyota Tsusho Corp.)
NEW CARLISLE -

St. Joseph Energy LLC will Wednesday join officials from throughout the state to cut the ribbon on the $700 million first phase of a new natural gas-fired power facility in northern Indiana. The company says the St. Joseph Energy Center in New Carlisle will be able to generate more than 700 megawatts of clean, unsubsidized energy for approximately 500,000 households.

The project, which will cost an estimated $1 billion once the second phase is complete, is a collaboration between private equity group Ares EIF and Japan-based Toyota Tsusho Corp. The first phase of the facility created 21 full-time positions.

Construction has not yet begun on the second phase of the project, though a spokesperson for St. Joseph Energy tells Inside INdiana Business work is not expected to take as long as Phase 1 since much of the preparation work has been completed. The second phase is expected to create additional permanent jobs and effectively double the center's output.

The project is being entirely self-funded by St. Joseph Energy. The spokesperson says the company covered the cost of three miles of water line installation from New Carlisle to South Bend. It also built a $10 million water plant and donated it to the town of New Carlisle.

Indiana Secretary of Commerce Jim Schellinger will be on hand for the ribbon cutting, along with developers and state and regional leaders. The ceremony is scheduled for 2:30 p.m. Wednesday.

  • Perspectives

    • Big Data's Role in Site Selection

      In the world of site selection, companies assess the pros and cons of various factors to identify the location that best fits their current and future business needs. The list may seem endless: labor availability, utility needs and costs, real estate options, tax climate, incentives, quality-of-life considerations, even an area’s weather patterns and the likelihood of natural disasters. With the emergence of big data and the use of data analytics in all facets of business...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • $25M Behavioral Hospital Coming to Central Indiana

      Danville-based Hendricks Regional Health is partnering with US HealthVest to develop a stand-alone behavioral center on the Hendricks campus in Plainfield. Known as the Indianapolis Behavioral Hospital, the facility will provide specialized inpatient and outpatient mental health care to patients of all ages.

    • Demand Fuels $120M Convention Expansion, Hotel Plans

      A $120 million proposal to expand the Indiana Convention Center and build two hotels at Pan Am Plaza in downtown Indianapolis, the city's travel and tourism association says, will put Indy in play for a bigger share of the lucrative convention business. Visit Indy Chief Executive Officer Leonard Hoops says the plans, which include 1,400 new rooms in two Hilton-branded hotels -- one of which will rise 38 stories -- and 300,000 square feet of convention and ballroom space, will help...

    • Bill to Fix Tax Issue For Trailer and Camper Dealers

      U.S. Senator Joe Donnelly (D-IN) has introduced a bill designed to fix what he calls a mistake in the 2017 McConnell-Ryan tax bill that has led to an adverse effect on RV trailer and camper dealers. Donnelly says the tax bill "significantly reduced" a tax deduction for dealers, which has led to higher inventory financing costs.

    • 'Heartbreaking' End For Nashville House

      The 91-year-old Nashville House restaurant is closing. The Brown County family dining staple will serve its last meal at the end of the month. In a post on Facebook, Gina Sarah Rogers, daughter of late-owners Andy and Fran Rogers, said it is "the end of an era and very heartbreaking." The restaurant is known for its country-style fried chicken and ham meals. Business on the property dates back to the late-1860s when an inn opened. It was acquired in...

    • CIB OKs $120M Convention Center Expansion, Two Hotels

      The Capital Improvement Board of Directors in Indianapolis, Visit Indy and Indianapolis-based Kite Realty Group Trust (NYSE: KRG) have unveiled $120 million plans to expand the Indiana Convention Center and add 1,400 rooms. The proposal, approved Friday morning by the CIB, involves two new hotels, including a 38-story property, and extending the convention facilities to the current Pan Am Plaza site. In January, the CIB released a request for interest for a convention center...