Sierra Club claims Miss. project is over budget, behind schedule

Organisation: Mississippi Power

A project that could be the world's first commercial demonstration of the capture and storage of carbon dioxide from a coal plant is over budget, behind schedule and not as far along with construction as its parent company claims, a new report from an environmental group charges. Mississippi Power's advanced coal plant in Kemper County, Miss., is 45 percent or less complete and its current cost is running near $3.62 billion, when price factors such as an associated CO2 pipeline and coal mining operations are considered, states the report from the Mississippi Sierra Club. The project -- which envisions capture of 65 percent of the carbon dioxide at a 582-megawatt coal plant -- also is likely to be "significantly delayed" beyond its planned May 2014 start date, the environmental group said. Those numbers sharply diverge from Mississippi Power's statement last week that the facility was 70 percent complete and that its price tag fell well under a $2.88 billion cap for rate recovery established by the state Public Service Commission.