• CapEx: $900 million
  • Jobs: 30-40 new direct, 1,100 construction
  • Product: Carbon capture and and sequestration from existing coal-burning power generation plant
  • Location: Lena, Rapides Parish / Central Region
  • Project overview:
    • New carbon capture and sequestration facility will remove and compress 95% or more of the CO2 emitted by the utility’s largest electric generation unit in Louisiana.
    • Cleco secured a $9 million congressional appropriation, which Louisiana Economic Development is administering, to help cover the $12 million front-end engineering and design study.
    • Cleco plans to raise the $900 million needed to build the facility through tax credits, U.S. Department of Energy grants, and private equity.

Company website: Cleco.com