Energy company to invest $500 million in Kings Mountain project - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Energy company to invest $500 million in Kings Mountain project

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KINGS MOUNTAIN, NC (WBTV) -

Leaders in the City of Kings Mountain made a major announcement Monday about a project that will create new jobs and invest millions of dollars into the local economy.

The Kings Mountain Energy Center will be created as an NTE Energy Project. 

As a natural gas electric generating 480 megawatt facility, it will power up to 400,000 homes in the Cleveland County area.

Mayor Rick Murphrey told WBTV the project will go down as the largest partnership in Kings Mountain history.

The mayor said the company will voluntarily annex into the city. Murphrey said it will purchase water, electric and gas from the city, making it the largest customer in Kings Mountain history.

"You are talking about an investment in the community of about $475 to $500 million," Murphrey said. "The city staff has been working on this project, for say, a year and a half and it (was) all confidential."

City leaders are not the only ones excited about the announcement. Local business owner Donovan Mcentyre said new jobs are desperately needed.

"People in this area don't have a lot of money right now because they don't have any jobs. And if there are more jobs around here everything is going to come up and it is going to be a lot better for people," Mcentyre said.

As of now, 250-350 jobs are expected to be created during the facility's construction. Once the center is fully functional, it will need 15-30 full time employees. 

The Energy Center is expected to be built along Interstate-85 just south of Kings Mountain. 

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