Mississippi Power announced Dec. 12 it plans to build a 600-MW clean coal plant under a tax-incentive program authorized by the National Energy Policy Act of 2005. The $1.8-billion project was certified by the Dept. of Energy and approved by the Internal Revenue Service to receive $1 billion in federal tax incentives for rapid deployment of the proposed air-blown integrated gasification combined-cycle technology. It has a simpler and more robust method for generating power from coal than other gasification alternatives, claims Mississippi Power. The federal support is a crucial first hurdle toward getting the plant built, says Anthony Topazi, Mississippi Power's president and CEO.
Federal Tax Incentives Fuel Clean Coal Plant in Mississippi
December 18, 2006