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

    • Startup Spirit Fuels Growth

      As the South Bend - Elkhart Region celebrates a $42.4 million grant from Lilly Endowment Inc., we know that the work to make the best investment with it is really just beginning. The spirit of entrepreneurship has been a vibrant part of our region for decades and the story of our family company could be somewhat of a guidebook for the region as it ventures forward. ITAMCO began as a dream of my uncle Donald Neidig and my father Noble Neidig to have their own 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

    • NIBCO is headquartered in Elkhart. (photo courtesy of NIBCO)

      Companies Detail Closures, Layoffs

      Four companies have announced plans to lay off a total of nearly 300 employees. In separate notices filed with the state, the companies say the moves will affect workers in Indianapolis, Fort Wayne, Charlestown and Peru.

    • Photo courtesy of Lafayette Elementary School

      Hammond to Close Three Schools, to Cut Jobs

      The  School City of Hammond board has voted to close three schools and cut 130-150 positions. Our partners at The Times of Northwest Indiana report Columbia and Lafayette Elementary schools, and the Miller School will close after this school year. 

    • (rendering courtesy of Brightmark Energy)

      Construction to Begin on Plastics-to-Fuel Plant

      California-based Brightmark Energy will today break ground on its $260 million plastics-to-fuel plant in the northeast Indiana town of Ashley. The 112,000-square-foot facility, which the company says will be the first of its kind in the nation, is expected to create 136 full-time jobs when fully operational. The plant will use a state-of-the-art process to recycle plastic waste that has reached the end of its useful life, including items that normally cannot be recycled, such as...

    • (rendering courtesy city of Kokomo)

      Kokomo Hotel Could See New Developer

      City officials say a new developer for a proposed $26 million hotel and conference center in downtown Kokomo could be announced soon. The Kokomo Tribune reports the project continues to move forward despite Fishers-based Dora Hotel Co. LLC pulling out of the project earlier this month.

    • Tony Bates previously worked for companies including Skype, Microsoft and Cisco.

      Genesys Names New CEO

      California-based Genesys has selected former Skype CEO Tony Bates as its new chief executive officer. The company, which employs more than 800 in Indianapolis, says Bates' predecessor, Paul Segre, will continue as chairman.