US-based NTE Energy (NTE) has announced its plans to build a 1,000MW natural gas-fired power plant in Anderson County, South Carolina, with a $1bn investment.

The new Anderson County Energy Center power plant will be equipped with efficient and environmentally friendly technologies.

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The energy generated from the plant will be enough to power more than one million businesses and households in South Carolina.

NTE expects to obtain development and other permits for the Anderson County Energy Centre over the next 18-24 months. It anticipates the facility to become operational by 2024.

“This substantial investment in the State of South Carolina will provide long-term benefits to all of our customers.”

NTE Carolinas development senior vice-president Mike Green said: “The addition of the Anderson County facility brings NTE’s generation portfolio to more than 2,000MW, representing some the newest, cleanest and most efficient power plants in the country.

“This substantial investment in the State of South Carolina will provide long-term benefits to all of our customers through stable, lower power rates and enhanced economic development.”

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Following completion of the development, the Anderson County Energy Centre will join  the company’s other assets that include Kings Mountain Energy Centre and its Reidsville Energy Centre, which will become operational in 2021.

The company’s portfolio of assets serves municipalities and power agencies in the North and South Carolina. Until now, NTE has executed long-term power purchase deals with more than ten communities and is in the final stage of negotiation with others.