PSC decision clears way for $740 million renewable energy plant


Plans for a $740 million renewable energy plant south of Plaquemine kicked into high gear last week when the Louisiana Public Service Commission approved a measure that will increase competition among energy providers, reports the Plaquemine Post South.

The 1803 Agreement will put the wheels in motion for Princeton, NJ-based Kindle Energy to locate in Iberville Parish. Kindle has an option on 50 acres of privately-owned property where it plans to build a plant along River Road between SNF Flopam and Shintech, according to Hank Grace, director of economic development for the Iberville Chamber of Commerce.

The Kindle Energy-Magnolia Power LLC Project will create between 500 and 600 construction jobs and provide between 20 and 25 permanent jobs. Anticipated startup date is 2025. Read more.