During its meeting on May 15, the Rockingham County Board of Commissioners approved a Utilities Agreement between NTE Carolinas II, LLC and Rockingham County. The Utilities Agreement outlines the actual construction and operation of the new water infrastructure, as well as notices, progress reporting, and charges to be paid by the company for connecting to and utilizing the new water Infrastructure as agreed upon by Rockingham County and NTE Carolinas II, LLC. The approval of this Utilities Agreement is the final step in the process to obtain water and wastewater services for the new Reidsville Energy Center, which will be located on Highway 65 in Rockingham County.
NTE Energy and Rockingham County announced plans for the new energy center in July 2016. NTE plans to construct, own and operate the Reidsville Energy Center, an approximately 500 megawatt natural gas fired electric generating facility in Rockingham County, North Carolina. The Reidsville Energy Center will be one of the cleanest and most efficient sources of capacity and energy in the Carolinas. Once complete, the facility will be capable of powering approximately 450,000 homes and represent an investment of over $500 million, providing numerous benefits to the surrounding communities and their economies.
“NTE is excited to have the Utilities Agreement approval, and to continue working with Rockingham County on the project,” said Seth Shortlidge, CEO of NTE Energy. “We look forward to bringing the Reidsville Energy Center to the Reidsville area, as it will provide many economic benefits to its communities.”
“The Rockingham County Board of Commissioners is pleased to reach this final step on the NTE project and is excited to see the company break ground. This is a great company to have in our community and we are confident that the new Reidsville Energy Center will provide a boost to our local tax base for many years,” said Mark Richardson, chairman of the Rockingham County Board of Commissioners.
During the construction phase, the Reidsville Energy Center is expected to create approximately 300 construction industry jobs. The majority of construction jobs are expected to be filled by members of the local community. Upon completion, the project is slated to add approximately 15-25 full-time jobs to the Rockingham County area, most of which are expected to come from the local workforce.
NTE plans to begin construction as early as 2017 and become fully operational in 2021. The Reidsville Energy Center will be very similar to NTE Energy’s Kings Mountain Energy Center, currently under construction in Kings Mountain, NC and NTE Energy’s Middletown Energy Center, currently under construction, in Ohio.
About NTE Energy
NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, from initial market and site evaluations to permitting and financing, as well as construction and operation. NTE Energy has completed development, and begun construction on the Middletown Energy Center, located in Southwest Ohio, and the Kings Mountain Energy Center located in Cleveland County, North Carolina, and is actively developing projects located in Connecticut, North Carolina, Ohio, Florida and West Texas, as well as pursuing early-stage opportunities in several other locations. For more information or media inquiries, visit www.nteenergy.com. For Commercial inquiries, contact Mike Bradley, SVP Commercial at 770-517- 9636 or firstname.lastname@example.org.