Indianapolis Power & Light Company, a subsidiary of The AES Corporation, has added a new combined-cycle gas plant to its portfolio.
The 671-MW Eagle Valley Generating Station, built in Martinsville, Indiana, began service on April 28. IPL received regulatory approval for the station in 2014 and invested approximately $600 million on its development and construction.
“This is an important investment for our customers and community as the plant will have a lower rate of emissions than the coal units it replaces and is the most reasonable cost option for our customers,” said Craig Jackson, IPL president and CEO. “Our future is focused on accelerating cleaner, smarter and affordable options for our customers and we are proud of the efforts we’ve made over the last few years to significantly reduce our dependence on coal and focus toward a more balanced energy mix.”
Thanks in part to the conversion of coal units to natural gas at the Harding Street Station in 2016, natural gas is now IPL’s largest source of generating capacity.