by: Blair Miller Updated:
KINGS MOUNTAIN, N.C. - The City of Kings Mountain announced Monday a half-billion dollar investment plan making it a major economic development project for the area.
This energy plant will create from 250 to 350 jobs while pumping millions of dollars into the local economy.
The city showed off plans for NTE Energy to build a natural gas fired power plant and the company said it will be one of the cleanest energy facilities built in the country.
The company picked Kings Mountain partly because the location for the plant will be on Dickson School Road near Interstate 85 and is estimated to bring in $450 million.
City officials said it will impact the tax base and bring much more revenue to Kings Mountain.
The company is already saying it could expand further here.
North Carolina is for significant economic growth,” said Seth Shortlidge, president of NTE Energy. “We want to be a player. We want to provide the energy to fuel that growth and this plant will help do that.
Construction will start next June and it could be producing power by 2018.
To see more local news stories, click here.