Construction is tentatively set for early 2003 with completion in 2004.
Company officials would not disclose the price of the land, the seller's identity or the cost of the plant, but brokers familiar with the Fairburn, GA submarket tell GlobeSt.com the dirt will come in at about $4,300 per acre (10 cents per sf) for an aggregate total of about $1 million.
The 30-acre plant will be situated on 230 acres with 200 acres remaining in a natural state. Paula Hall-Collins, a corporate communications associate at Williams, tells GlobeSt.com the land cost "will depend on how many megawatts we end up with."
William Hobbs, president of the company's energy marketing and trading unit, says in a prepared statement, "This new facility will assist us in developing our growing portfolio of power agreements in Georgia."
The Fairburn location was selected because of its proximity to a major natural gas pipeline, as well as an existing electric substation and transmission lines. Permitting is expected to take about a year to complete before construction can begin.
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