Earlier this month the Obama Administration breathed new life into the FutureGen experimental “clean coal” electric generating plant in Mattoon, Ill., that would trap and store carbon dioxide emissions. The administration pledged $1 billion to its development. Initially introduced by the Bush administration in 2003 as a means to develop low-emissions coal-fired power plants, the project was dropped early last year due to cost overruns. FutureGen Alliance, a consortium of coal and utility companies working to build the plan, estimate the project will cost approximately $2.4 billion to complete. A decision on whether to go forward with construction on the
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.