Combined Cycle

New owners restart Luna construction

6 April 2005 – The consortium that purchased the half built Luna Energy Facility in New Mexico from Duke Energy has contracted Fluor Corporation to complete the 570 MW generation plant.

Duke announced last November that it had sold the Luna project to PNM Resources, Tucson Electric Power and Phelps Dodge for $40m. The sale included the fifty per cent completed natural gas fired, combined cycle power plant that had been on ‘construction deferral’ since 2002.

The consortium, whose members each own a third of the project, will invest a combined $110m to complete construction. Fluor will provide engineering, procurement, construction and commissioning services for the facility, which will be completed by the third quarter of 2006 after construction began early this April.