Construction of the 980-megawatt (MW) St. Charles combined-cycle power station in Louisiana recently got under way. The project, which is owned by Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana), awarded CB&I Incorporated (NYSE:CBI) (The Hague, Netherlands) the general contract for the project, which is located at the site of Entergy's existing Little Gypsy power station. CB&I will be responsible for hiring sub-contracts through the duration the project.

Construction started earlier this month and is expected to be completed in the summer of 2019. This project has a total investment value of $1 billion. Entergy said the power station will be one of the most technologically advanced facilities in North America. The project is expected to generate 350 jobs during the two-year construction phase and will include 28 full-time positions once it becomes operational.

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