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Twin Merchant Plants Sited in New England

Issue 6 and Volume 102.

Twin Merchant Plants Sited in New England

Stone & Webster Inc. will provide engineering procurement and construction for Energy Management Inc. on two 265 MW combined-cycle power plants to be built in Rumford, Maine, and Tiverton, R.I. The two identical plants have no electricity sales contracts. The plants are scheduled for commercial operation in the first quarter of 2000. Stone & Webster predicts that new gas-fired, combined-cycle plants can be built and operated in New England for less than the production costs of some existing plants. The two plants are expected to reach financial close this summer. p