Kindle Energy broke ground on a $750 million, 700-megawatt electric generation plant in Iberville Parish on Monday, reports The Bossier Press. The Magnolia Power Generating Station will provide electricity directly to five rural utility cooperatives across Louisiana beginning in 2025.
Louisiana Economic Development estimates the project will result in another 94 new indirect jobs, for a total of 119 new jobs in the Capital Region.
Magnolia Power will supply power to the 1803 Electric Cooperative, an alliance of five utility groups: Beauregard Electric Cooperative, Claiborne Electric Cooperative, Northeast Louisiana Power Cooperative, South Louisiana Electric Cooperative Association and Washington-St. Tammany Electric Cooperative Inc. Read the entire story.
