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Net Power Gains Rights for 123 MW Gas Power Plant in Texas

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Energy and infrastructure company Net Power (NPWR) has closed the acquisition of EMPower USA's contractual rights to build a 123-megawatt natural gas power generation facility, bringing its total potential generation capacity in Texas to nearly 200 MW, it said on Thursday.

With the deal, Net Power took over the agreement with Saulsbury Industries for the engineering, procurement, and construction of the project.

Under the new arrangement, Saulsbury will now build the facility as part of the first phase of Project Permian, Net Power's inaugural powered land project in West Texas. Previously, the contract was intended for EMPower's Odessa Power Plant, also located in the same region.

Net Power's acquisition includes the rights to an equipment supply agreement with Wartsila North America, which covers ten engine-generator sets, according to the statement.

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