Core Insights - Oglethorpe Power has selected Kiewit Corp. as the lead contractor for a new natural gas-fired combined-cycle power plant in Monroe County, Georgia, with a capacity of 1,425 MW [1] - The new facility aims to support long-term load growth across Oglethorpe's cooperative membership, which includes 38 member cooperatives [1] - Construction is expected to begin soon, with commercial operations planned for 2029 [1] Company Overview - Oglethorpe Power is headquartered in Tucker, Georgia, and serves approximately 4.7 million customers through its member cooperatives [1] - The company currently operates a 225-MW gas-fired facility and co-owns the coal-fired Plant Scherer in Monroe County [1] - Oglethorpe Power has about $16 billion in assets, invested in various energy sources including natural gas, nuclear, hydropower, and coal [1] Project Details - The Smarr Combined-Cycle facility will utilize GE Vernova's advanced 7HA.03 gas turbines, making it one of the highest performing and lowest-emitting natural gas plants in Georgia [1] - A notable design feature includes the use of air-cooled condensers, which will significantly reduce water consumption compared to traditional cooling towers [1] - The project is expected to create approximately 1,200 jobs at peak construction [1] Economic Impact - Local officials anticipate that the new power plant will generate substantial property and sales tax revenues, benefiting local schools and county services [1] - Oglethorpe Power is also hiring for around 30 permanent positions in operations, maintenance, and administration at the new facility [1] Industry Context - The growth in Georgia is driving increased energy demand, prompting Oglethorpe Power to invest in new generation resources to enhance the resiliency of its asset portfolio [1] - The company has announced two new natural gas generation projects in 2024, including the Smarr facility, to meet rising energy demands [1] - Natural gas is being prioritized due to its ability to be constructed within the necessary timeframe and its flexibility as a reliable energy resource [1]