US Planning First New Coal Power Plant Since 2013 in Alaska (1)

Terra Energy Center is pouring $1 billion into a deal for a planned coal project in Alaska, marking the first investment in new US coal power in more than a decade.

The in-principal agreement with Hyundai Heavy Industries Power Systems for an order of power-plant boilers was described in a US Interior Department fact sheet Monday. The transaction is one of several that advanced during talks at the Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo this weekend.

Terra Energy Center’s plan represents a striking reversal for the US coal industry. Coal once supplied more than half of the ...