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Construction on Natural-Gas-Fired Units Reaches 18,000 Megawatts, an Industrial Info News Alert

Posted on: Monday, 9 June 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- After dropping to a low in 2005 when over-capacity was created by the merchant construction boom at the turn of the century, market forces have pushed natural-gas-unit construction activity in the U.S. to a three-year high in 2008. Activity is up for the third consecutive year, as 210 natural-gas-fired units totaling 18,000 megawatts are under construction in the U.S. Noting the affordability and clean-burning characteristics of natural gas, Duke Energy (NYSE:DUK) (Charlotte, North Carolina) is planning to add two 600 MW combined-cycle, natural-gas-fired units at two power plants.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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