More Cost Overruns Seen At $6 Billion Kemper Plant
JACKSON, MS (AP) — The cost of a $6 billion-plus power plant being built in eastern Mississippi is going up again.
Mississippi Power said Friday it has identified $25 million in cost increases to complete construction of the plant in Kemper County. And the company said it is reviewing possible additional increases of $20 million to $50 million related to construction, start-up and readiness costs.
The figures were in a news release and in filings the utility made with the federal Securities and Exchange Commission and the Mississippi Public Service Commission.
In October, added construction costs of $496 million were announced.
The plant is supposed to turn soft lignite coal into a gas, burn the gas to generate power and extract chemicals to reduce pollution.