Officials with Dallas--based Genova Power announced Thursday that
the company may build a 550-megawatt electric power plant generating
facility on a 50-acre tract about two miles east of Chickasha.
Genova Oklahoma I, a division of Genova Power, could begin
construction on the facility as early next fall with commercial
operations beginning in the summer of 2004.
Jeffrey W. Schroeter, general manager, said the economic impact
of the facility would be felt immediately and would extend
throughout its projected 30-year service life. Schroeter said to
build a generating plant of this size requires an average of 250
workmen over a 22-month period. In addition to their salaries, the
company normally spends upwards of $12 million locally on goods and
Once in operation, the highly computerized plant would have an
annual payroll of $1.6 million for the 25 management level and
skilled employees needed to operate it on a 24-hour-a-day basis.
Approximately $1.5 million a year in local purchases would also be
The Genova executive said the facility would also pay some $4
million a year in sales, use and property taxes.
Chickasha Mayor Jim Parker said that the plant's impact as an
economic development stimulus could be even more important than even
its impact on direct employment and tax revenue.
"A facility like this could become the foundation of the
infrastructure necessary to meet the power demands of today and
tomorrow. It would certainly make Chickasha very attractive to
companies looking at relocation possibilities," he said.
Schroeter said the company's gas-fired plants are designed to use
two high-efficiency gas turbines and one steam turbine in combined
cycle. At the heart of the plant, its gas turbines would be equipped
with Dry Low NOx combustion systems and Selective Catalytic
Reduction for optimum emissions control.
The plant's power, which would be enough to meet the needs of
300,000 homes, would be distributed to the regional grid by American
Genova Power is a power plant development company based in
Dallas. Genova's limited partner is Hunt Power L.P. of Dallas, a
privately held company affiliated with Hunt Consolidated Inc. Under
the direction of Hunter L. Hunt, Hunt Power develops projects in the
electric power industry and seeks opportunities to partner with and
invest in companies active in the industry. …