HONOLULU (HawaiiNewsNow) – Japanese energy company JERA has applied for a federal permit to build an offshore terminal for liquid natural gas on Oahu.
The application is the first step toward approval of a $1.5 billion power plant that could provide nearly half of the island’s electricity.
But the plan is being questioned by environmentalists and lawmakers who fear it will slow progress toward renewable energy.
JERA says LNG could cut costs quickly
JERA says burning LNG instead of oil would be cheaper and more efficient and would reduce electric rates. The LNG would arrive frozen and pressurized at a terminal off Campbell Industrial Park, be processed into gas in a floating gasification plant, then piped to a 500-megawatt electric power plant…