RAYMOND, Miss. (WLBT) – Entergy Mississippi is building a new natural gas power plant in Raymond, company leaders said Thursday at an open house for area residents.
The company said the plant will be the largest economic development project in the history of Hinds County, with an expected investment of more than $2 billion.
Plant design and purpose
Jeremy Vanderloo, Vice President Business Operations and Strategy, said the plant is a Mitsubishi design and is being built to serve the company’s existing customers.
“So we’re building this new natural gas plant. It’s a Mitsubishi design, which means it’s a clean, safe, highly efficient power plant,” Vanderloo said. “We’re building it to serve the needs of our existing customers and it’s gonna help provide reliable power to our community, as I mentioned, a $2 billion investment.”
Property tax projections
Vanderloo said the company projects the plant will produce more than $1 billion in property taxes over its life of about 30 years…