North Bergen Liberty Generating LLC officials received approval for a 1,200 megawatt natural gas-fired electric generating facility in the township.
Representatives of the subsidiary of Diamond Generating Corp. and township Mayor Nick Sacco explained how the project would work.
“Our facility will be among the cleanest, most efficient power plants in the region,” NBLG Vice President of Development David Deutsch said in a prepared statement. “Our project will provide close to a thousand construction jobs, millions in new tax revenue for New Jersey and North Bergen, and safe, reliable power for the region.”
The $1.8 billion project will be located on 15 acres in an industrial section of North Bergen, near existing energy and utility infrastructure, the company said. It will use natural gas and combustion turbine technology to produce electricity equivalent to that needed to power 1.2 million homes.
It will connect to New York City via an underground and underwater cable crossing the Hudson River.
“This project represents a once-in-a-generation chance to add a major new source of tax revenue to North Bergen with no impact on residential neighborhoods and little to no strain on municipal services,” Sacco said in a statement. “I’m proud that NBLG has chosen to locate this project here.”
According to North Bergen Liberty Generating LLC, the construction phase will generate $10.89 million dollars in local taxes and the operation will generate $5.7M annually.