Developers of the White Stallion Energy Center, a coal plant slated for construction in Matagorda County, Texas, have officially thrown in the towel, the latest in a string of coal projects that have fallen victim to market forces.
Operators of a proposed coal-fired power plant in Matagorda County announced Thursday that they will drop their request for a 40-year water contract with the Lower Colorado River Authority, opting instead for a more expensive but less water-intensive technology.
An executive for a company planning to build a coal-fired power plant in Southeast Texas says the company will change how it would cool the plant, allowing it to operate with trillions of less gallons of water annually.
The Lower Colorado River Authority says there is enough water, even in dry times, for a proposed coal-fired power plant in Matagorda County — a finding that all but removes one of the last hurdles for the controversial project.
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