Entergy Mississippi announced plans to build a natural gas power plant in Raymond, Mississippi, with expected investment of more than $2 billion. Company leaders presented the project during an open house for area residents. Construction is scheduled to start in 2028, and the plant is slated to begin operating in summer 2031.
What it means
The Raymond plant will use a Mitsubishi design and is intended to serve Entergy Mississippi’s existing customers. Entergy Mississippi projects construction will take about five years and that the facility will operate for about 30 years.
The company expects the project to be the largest economic-development project in Hinds County’s history. It projects more than $1 billion in property taxes during the plant’s operating life for the City of Raymond, Hinds County and the Hinds County School District.
Key facts
- Expected investment: more than $2 billion, according to Entergy Mississippi.
- Location: Raymond, Mississippi.
- Construction is scheduled to begin in 2028.
- Construction is expected to take about five years.
- Operations are scheduled to begin in summer 2031.
- Projected plant life: about 30 years.
- Projected property taxes: more than $1 billion over the plant’s life, according to the company.
Source: Entergy Mississippi project announcement