Duke Energy

Duke Energy has secured approval from the North Carolina Utilities Commission (NCUC) to replace its 376MW Asheville coal-fired power plant with a new $1bn natural gas facility.

The project is in line with the company’s effort to shift towards a smarter and cleaner energy generation.

Work under the project includes construction of two combined cycle natural gas-fuelled electric generating units, which each have a capacity of 280MW.

The new units will replace the existing coal-fired power plant, planned to be decommissioned by 2020.

Duke Energy North Carolina president David Fountain said: "This project will allow us to continue to provide cost-effective, reliable power for all of our customers in North Carolina and South Carolina."

"This project will allow us to continue to provide cost-effective, reliable power for all of our customers in North Carolina and South Carolina."

Approximately $750m has been planned for construction of a 650MW natural gas-fired power plant, and a solar facility at the site.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

More than $320m will be spent on constructing a transmission substation, a 40-mile transmission line and modernising electrical infrastructure, to eventually reduce environmental impacts and long-term costs to customers.

Construction of the natural gas-fired combined-cycle power plant is planned to start this year and be completed by late-2019.

The firm said it will work with communities to explore and maximise programmes and technology in order to delay or cancel future plans for additional peaking generation.

Duke Energy plans to file future Certificate of Public Convenience and Necessity applications for 15MW of solar projects, 5MW utility-scale storage over the next seven years after the Asheville coal units closure.

Image: Illustration of the proposed Asheville combined-cycle natural gas-fired power plant in the US. Photo: courtesy of Duke Energy Corporation.