Wednesday, Dec. 14, 2011 | 1:26 p.m.
Boulder City officials today signed a 50-year lease agreement with Korean Midland Power Company to develop a 250 to 350 megawatt solar generation facility, the company announced.
The project is expected to create hundreds of jobs during construction.
The solar array will be located in the Eldorado Valley, about 30 miles southeast of Las Vegas.
The project is expected to break ground in mid-2012 and will take about three years to complete.
“We are very pleased to advance into the U.S. market, where huge growth is expected” in the photovoltaic field, company president and CEO Nam In-Suk said in a statement.
KOMIPO will oversee implementation of the overall project, including the financing, operations and maintenance. It is partnering with POSCO Engineering — formerly Daewoo Engineering — for engineering, procurement and construction.
LNH Enterprises, a local project management firm, will be responsible for general administrative and management support and will work with Longenecker and Associates to jointly develop the master plan for the project.
“More than just a power project, this is also a job creation project that will stimulate the local economy,” said Woojin Kim, president of LNH. “During construction, we will be employing hundreds of trained workers, and we intend to establish a solar training center to assist returning veterans and others enter into the solar workforce.”
A short distance from direct access to the power grid that services California, Nevada and Arizona, Boulder City’s Eldorado Valley is considered one of the richest areas in the United States for photovoltaic solar energy.