NEW ORLEANS — Blackstone Energy Transition Partners has completed construction of the Magnolia Power Generating Station, a $750 million, 694-megawatt combined-cycle natural gas plant in Iberville Parish, marking the start of commercial operations.
Developed by Kindle Energy, Blackstone’s North American power platform, the greenfield facility was first announced in 2021, with groundbreaking later that year in Iberville Parish. Construction began in 2022 and supported more than 400 local construction jobs, with employment peaking at approximately 475 workers during the buildout.
With the plant now operational, the company expects to create 25 permanent direct jobs with an average annual salary of $100,000. Louisiana Economic Development previously estimated the project would generate an additional 94 indirect jobs, for a total of 119 ongoing jobs in the Capital Region.
Magnolia Power – Powering Rural Louisiana
Magnolia Power is expected to generate enough electricity to power more than 500,000 homes annually in Louisiana. The facility will provide electricity directly to five rural utility cooperatives through the 1803 Electric Cooperative alliance beginning in 2025. The alliance includes Beauregard Electric Cooperative; Claiborne Electric Cooperative; Northeast Louisiana Power Cooperative; South Louisiana Electric Cooperative Association; and Washington-St. Tammany Electric Cooperative Inc…