Competitive Power Ventures (CPV) is an energy company that develops, builds, and manages electricity generation facilities across the country to provide safe, reliable, cost-effective and environmentally-responsible power. CPV’s corporate mission is built around a belief that progressive companies can be powerful agents of change for a better world and a cleaner environment. To this end, we have focused our core activities on developing and operating energy facilities that make a significant difference in improving the environments and economic circumstances of the regions in which they are located.
The Towantic Energy Center is a 785 megawatt (“MW”) combined-cycle electric generating facility. The proposed location is in Oxford, Connecticut in the Woodruff Hill Industrial Park.
A Combined Cycle Electric Facility creates electricity by introducing compressed air to natural gas and igniting it. The resulting expansion of air is captured to turn turbine generator blades which turn the electric generator. In a combined-cycle configuration, the waste heat from the combustion process is used to make steam to generate additional electricity via a steam turbine. This highly efficient, state-of-the art technology will generate local, cleaner electricity that reduces dependence on older oil and coal burning power plants and is better for our environment.
The site of the proposed CPV Towantic Energy Center sits at the intersection of two high pressure interstate natural gas pipelines and the high-voltage transmission system owned and managed by Connecticut Light & Power making it an ideal location for a natural gas-fueled energy facility.
Towantic Energy Center is a 785 megawatt facility.
The community will benefit from the significant tax benefits during construction and operation, providing revenue to support vital public services, and school funding. We also make every effort to purchase local goods and services to benefit those living and working in the host community. Additionally, over the life of the Towantic Energy Center, there will be significant direct and indirect economic benefits from the ongoing operation and regular maintenance of the facility.
The Towantic Energy Center is a state-of-the-art facility that will use the best available control technology to minimize emissions of pollutants. It will be fueled by natural gas, with fuel oil as a backup. The facility will be highly efficient and thus will help displace older, less efficient power facilities in the region. Because these less efficient facilities are typically older and were built when less stringent emissions controls were mandated, the Towantic Energy Center will ultimately improve air quality.
Modern power plants are surprisingly quiet and this facility will be required to meet all state noise quality standards.
As part of our commitment to the environment, we will be using an air-cooled condenser design that will utilize a fraction of the water on a daily basis. The high efficiency design of this facility will conserve water and protect natural resources.
Gas for the facility will come from the Algonquin Interstate Pipeline and approvals for the pipeline connection will come from the Federal Energy Regulatory Commission (FERC).
CPV’s experience is that any localized EMF due to the facility is marginal and more importantly, is confined to the areas immediately around the generation turbines within the plant. This issue was examined during the review process.
Yes. The proposed plant utilizes proven technology safely in use throughout North America to generate electricity. Safety is the top priority for CPV and the many facilities it is entrusted to manage on behalf of its banks and investors. The design, construction and operation of equipment and systems for the facility will be in accordance with all local and state regulations and will include state-of-the-art fire detection, alarm, suppression and control systems.
At peak construction approximately 300 – 500 workers on site during a 28 – 30 month construction schedule, with strong efforts being made to use local labor and materials to the greatest extent possible. Once operational, facility staff will be approximately 21 - 25 full-time well-paying jobs.
While it’s hard to determine the number of trucks on a daily basis, a transportation plan that covers proposed truck routes will be established to minimize traffic disruptions and other inconveniences. To substantially minimize traffic disruptions, CPV is constructing a new road into the industrial park from the airport.
We can expect project construction to take between 28 and 30 months.
Based on information from other communities where facilities have been built, we have seen no decline in property values as a result of the facility.