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1 November 2006 -- Topeka, Kansas-based Westar Energy, Inc. has completed the purchase of the Spring Creek power plant, a 300 MW gas-fired power plant from ONEOK, Inc. for $53 million.
The Spring Creek power plant, located in Logan County, Oklahoma, US, is a peaking plant that will run for brief periods usually during the summer to meet growing customer demand. The Spring Creek plant was built by ONEOK in 2001. The agreement to purchase the plant was announced Oct. 21, 2005.
"The purchase of this plant provides a less expensive alternative for our customers than if we were to construct a new facility," said Doug Sterbenz, executive vice president, generation and marketing. "It fits well with our plans to invest in the infrastructure needed to serve the growing needs of our Kansas customers."
In August, Westar Energy announced plans to begin construction next spring on the Emporia Energy Center in Lyon County. When the plant goes online in the summer of 2008, it will have an initial generating capacity of up to 300 MW, with additional capacity to be added in phases, bringing the total capacity to 600 MW. The total investment in the plant will be about $330 million. It will also be a peaking plant.
In the years ahead, Westar Energy said it will also make substantial investments in environmental upgrades at existing power plants, baseload coal capacity, the transmission network and energy efficiency programs.
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