The Cricket Valley Energy Center, LLC, has successfully secured financing for the construction of the $1.584 billion Cricket Valley Energy Center, giving Bechtel clearance to begin construction. The fully-permitted project will produce approximately 1,100-MW combined-cycle natural gas electric generating facility located in Dover, New York.
The project will create 1,100 jobs during its peak construction period and 80 permanent and indirect jobs when the facility is operational. Advanced Power AG, which led the development of the facility, will be the construction and asset manager. Bechtel will undertake the engineering, procurement, and construction of the energy center. The facility is slated for completion in the first quarter of 2020.
Cricket Valley Energy Center is strategically located adjacent to the Iroquois natural gas pipeline and will sell energy, capacity, and ancillary services to the New York Independent System Operator (NYISO) energy market with interconnection through Con Edison’s nearby 345 kV transmission line.
Cricket Valley Energy Center is owned by JERA Co., Inc., TIAA Investments, Advanced Power AG, BlackRock Financial Management Inc., Development Bank of Japan, Inc. and NongHyup Financial Group.
When completed, Cricket Valley Energy Center is expected to be the most efficient combined cycle power plant in the state.