Cardinal Plant to Receive Part of $175M DOE Grant Supporting Coal-Fired Generation
Columbus, OH—The U.S. Department of Energy (DOE) has selected Buckeye Power’s coal-fired Cardinal Plant as one of six national projects to receive a share of $175 million in federal funding. Kyger Creek Station, which is part of the Ohio Valley Electric Corporation (OVEC), and partially owned by Buckeye Power, Inc., was also named as a recipient.
The DOE grant was established to modernize, retrofit and extend the operational life of coal-fired power plants serving rural communities while also supporting grid reliability and energy affordability.
The funds will be directed toward critical upgrades for Cardinal Plant’s Units 1 and 2.
The $175-million initiative is part of a broader federal strategy to strengthen the national electric grid by keeping reliable, existing, and efficient coal-fired generation plants online.
“We are grateful to be selected and excited for the opportunity to use these funds on projects that will make Cardinal station even more efficient,” said Craig Grooms, President and CEO of Buckeye Power Inc., and Ohio’s Rural Electric Cooperatives. “Coal-fired power generation has served our cooperatives in Ohio well for decades and has allowed us to keep electricity reliable and affordable for our members. Cardinal Plant is a crucial component of our diverse power generation resource mix, and we continue to believe coal plants have a critical role to play in meeting growing, future demand for electricity.”
Buckeye Power, Inc. has not been notified how much of the $175 million it will receive.
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