MAY 30, 2006 - Posted at 1:56 p.m. CST, updated at 7:31 a.m. on 5/31, updated at 4:11 p.m.
OSCEOLA, AR - After nearly three years of anticipation, St. Louis-based LS Power Associates formally broke ground on its Plum Point Energy Station near Osceola this afternoon.
The project was initially announced in October 2003, after LS Power purchased approximately 1,000 acres near the Mississippi River, citing proximity to the river, as well as railroads and Interstate-55.
The $1.3 billion plant is to use crushed coal as fuel to generate electricity.
According to the company's Website, LS Power actually began construction on the project in March, and the work is expected to be completed by the summer of 2010.
Several municipal utilities in Region 8 are participating in a partnership with the project, including Jonesboro City Water & Light, Osceola Municipal Light & Power, Piggott Light & Water, Kennett City Light, Gas & Water; Malden Board of Public Works, and Poplar Bluff Municipal Utilities.
According to LS Power, the Plum Point station "will serve as a low-cost power generation resource for a multi-state area, including Arkansas, Kansas, Louisiana, Mississippi, Missouri, Oklahoma and Texas."
After the facility is completed, more than 100 high-paying technical jobs are expected to be created.