FutureGen Construction Begins; But Financing, Other Challenges Remain [1]
"Construction has begun on the stalled FutureGen 2.0 carbon capture and sequestration (CCS) project in western Illinois, according to project officials, but major hurdles remain for the $1.65 billion first-of-its-kind power plant.
Installation of the first foundation piling meets an Aug. 31 start-construction deadline required by the Illinois Environmental Protection Agency, Kim Biggs, a spokeswoman for the agency, told Bloomberg BNA in an e-mail Aug. 28.
The work represents a victory for the project, which involves retrofitting one boiler in a nearly 50-year-old coal plant owned by Ameren Corp. to capture roughly 90 percent of its carbon dioxide emissions."
Ari Natter reports for Bloomberg BNA September 2, 2014. [2]