A Maryland-based power generation group said it will build an 1,800-MW combined-cycle natural gas-fired power plant in West Virginia, a project that will utilize carbon capture and storage to take advantage of a government tax credit.
Competitive Power Ventures (CPV) on Sept. 16 said it plans for the project to be operational later this decade. Company officials said the power plant’s construction was made possible by the recently passed Inflation Reduction Act, which expanded the 45Q federal tax credit for carbon capture.
