Summit Signs $2B In Texas 'Clean Coal' Contracts

Law360, New York (February 14, 2012, 6:02 PM EST) -- Summit Power Group LLC announced Tuesday it's signed about $2 billion in agreements with Siemens Energy Inc. and other contractors to build a 400-megawatt “clean coal” power plant near Odessa, Texas, expected to be operational by 2015.

Siemens, along with units of German industrial firm The Linde Group and South Korea's SK Engineering & Construction Co. Ltd., signed on to build parts of Summit's Texas Clean Energy Project, which will convert coal to synthetic gas, then burn synthetic and natural gas to generate power, while capturing...
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