NTE Energy entered into long-term power purchase agreements with the towns of Black Creek, Lucama, Sharpsburg and Stantonsburg.
Under the terms of the agreement, the municipalities will purchase a portion of the capacity from NTE’s Kings Mountain Energy Center.
“NTE is pleased to partner with four more North Carolina municipalities that will benefit from our economical, reliable, and clean sources of energy in the Carolinas,” said Seth Shortlidge, CEO and President of NTE. Mayor Bill Edmundson of Stantonsburg said, “We are excited and optimistic about the potential savings to our respective clients by working with NTE.”
NTE broke ground on the Kings Mountain Energy Center on July 28, 2015, with Gemma Power Systems building the facility under an engineering, procurement and construction services contract.
The Kings Mountain Energy Center will provide about 250-350 jobs during construction, and 25-30 full-time positions during operation. Once operational, the facility will supply the power needs of about 400,000 homes.