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Area Development - Site Selection, Facility Planning and Workforce Development

Kindle Energy Establishes Iberville Parish, Louisiana, Power Plant

02/14/2023
Kindle Energy will construct a 700-megawatt electric generation plant in Iberville Parish, Louisiana. The $750 million project is expected to create 25 jobs.

The facility, named the Magnolia Power Generating Station, will provide electricity directly to five rural utility cooperatives across Louisiana, producing enough electricity to power more than 500,000 homes per year. Commercial operations are scheduled for May 2025.

“Kindle Energy is excited to bring the Magnolia Power Generating Station to Louisiana to serve the 1803 Electric Cooperative and deliver clean, efficient power across the state,” Kindle Energy CEO Lee Davis said. “Magnolia Power represents substantial progress toward the cleaner, more efficient energy mix of the future, and supports Gov. Edwards’ goals to reduce Louisiana’s carbon footprint by 2050.”

Magnolia Power has applied to participate in Louisiana’s Industrial Tax Exemption program.

“This investment by Kindle Energy is a win for job creation, emissions reduction and rural resilience,” noted Governor John Bel Edwards said. “Magnolia Power will increase the affordability and sustainability of electricity to some of the state’s most rural communities. It also will modernize the state’s public utility infrastructure by employing gas turbine technology that uses natural gas and carbon-free hydrogen rather than carbon-intensive coal as its fuel source.”

Kindle Energy offers customized approaches to investing in, operating and managing power generation assets in North America. The company currently manages and operates nearly 11.3 GigaWatts of generation located in Indiana, Maryland, New Jersey, Ohio and Texas and capable of powering approximately 9.0 million homes.

“We applaud Kindle Energy for their decision to invest in Iberville Parish in Louisiana’s Capital Region,” added Adam Knapp, Baton Rouge Area Chamber president and CEO. “Kindle Energy’s investment adds to our quickly growing new energy sector, which has seen over $25 billion in announced or proposed projects since 2020. This is a big win for Iberville Parish to secure this $750 million capital investment.”

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