Another economic development project in sight for West Virginia

CHARLESTON, WV (WOWK) — Another major energy project is coming to West Virginia.

At a press conference led by US Senator Joe Manchin, it was announced that Competitive Power Ventures would make a $3 billion investment in the Mountain State.

It will build an 1,800 megawatt natural gas-fired power plant. While officials today would not reveal the exact location, multiple sources tell our newsroom it will be in Doddridge County.

“We are still working through different places and different opportunities. We are considering several opportunities and we simply cannot disclose them today. We hope to do so later this year,” said Gary Lambert, CEO of Competitive Power Ventures.

1,000 construction workers will be needed. The company will use anti-pollution measures which will qualify for tax credits under the recently approved Cut Inflation Act 2022.

“The Inflation Reduction Act that we just passed 30 days ago opens up a framework of things for a state like ours, basically an energy state, because that bill was based on energy security. How can we make the United States of America more energy secure, less dependent on any foreign supply chain,” said Sen. Joe Manchin, (D) West Virginia.

“And the construction work alone will attract more people. And with all the work going on, everyone will have an opportunity to go to work, which is a good thing for the state,” Chuck Parker said. , of the State of West Virginia. Building trades.

Competitive Power Ventures executives estimate it will take two years to clear the permitting process and then three years to complete construction. They believe the facility will create between 100 and 200 permanent jobs.

Now, the big news of economic development may not be over yet. We were told today that billionaire Microsoft founder Bill Gates will be visiting West Virginia in the coming weeks, considering possibly investing in some nuclear power projects.