The U.S. Energy Dept. said June 12 it would move forward to build a flagship clean-coal power plant in a small Illinois town, reversing a previous Bush administration decision to scrap the ambitious FutureGen project entirely in favor of smaller carbon-capture and storage projects (CCS) around the country. Energy Secretary Steven Chu and his industry partner, the FutureGen Industrial Alliance, a group of 20 leading power utilities and coal companies, reached agreement on the project, a 275-MW integrated gasification combined cycle power plant that could cost between $1.3 billion and $1.8 billion. The plant, to be sited in Mattoon, Ill.,
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.