Diamond Generating, a subsidiary of Diamond Generating's, has secured a slew of permits for its controversial $1.5bn, 1.2 GW New Jersey gas plant. The company plans to run a cable beneath the Hudson River and sell the generated power to the New York City market. However, Diamond Generating still faces several headwinds, notably securing several outstanding permits and appeasing environmental lobbyists, who are calling for air permits to be denied.
Diamond Generating, a subsidiary of Mitsubishi Corporation, has secured a slew of permits for its controversial $1.5bn, 1.2 GW New Jersey gas plant. The company plans to run a cable beneath the Hudson River and sell the generated power to the New York City market. However, Diamond Generating still faces several headwinds, notably securing several outstanding permits and appeasing environmental lobbyists, who are calling for air permits to be denied.