Duke Energy Awards EPC Contract to Zachry Group for First Person County Combined Cycle Project

Duke Energy has awarded an EPC contract to Zachry Group for the Person County Combined Cycle Project, a 1,360-MW two-on-one combined cycle power plant in North Carolina. Zachry will deliver the project using an integrated engineering, procurement, and construction service model, with commercial operation targeted for 2028. The project aims to enhance reliability and efficiency, supporting Duke Energy's modernization strategy and meeting the growing energy needs of its Carolinas customers.

Duke Energy has awarded an Engineering, Procurement, and Construction (EPC) contract to Zachry Group for the Person County Combined Cycle Project, a 1,360-MW two-on-one combined cycle power plant in North Carolina. The contract, valued at $2.1 billion, follows Duke Energy's strategy to enhance reliability and efficiency in its power generation portfolio [1].

Zachry Group will deliver the project using an integrated engineering, procurement, and construction service model, with commercial operation targeted for 2028. The project aligns with Duke Energy's modernization strategy and aims to meet the growing energy needs of its Carolinas customers.

This announcement comes on the heels of Duke Energy's recent financial transactions. In June 2025, Duke Energy agreed to sell a 19.7% stake in Duke Energy Florida to Brookfield for $6 billion. The deal, valued at a premium above Duke Energy's current public equity valuation, will bolster its financial position and support its energy modernization strategy [2].

The Person County Combined Cycle Project is part of Duke Energy's broader commitment to investing in its infrastructure. The company has recently increased its five-year capital plan by $4 billion, bringing the total to $87 billion. These investments will focus on grid modernization and enhancing generation capacity, particularly in Florida, where Duke Energy serves two million customers [2].

The acquisition of Zachry Group for the Person County project is a strategic move to enhance Duke Energy's operational capabilities and meet the increasing energy demands of its customers. The project is expected to contribute significantly to Duke Energy's overall financial stability and operational efficiency.

References:
[1] Duke Energy to sell 19.7% stake in Florida unit to Brookfield for $6bn. Retrieved from https://www.nsenergybusiness.com/news/duke-energy-to-sell-19-7-stake-in-florida-unit-to-brookfield-for-6bn/
[2] Duke Energy Secures EPC Contract for Person County Combined Cycle Project. Retrieved from https://www.nsenergybusiness.com/news/duke-energy-to-sell-19-7-stake-in-florida-unit-to-brookfield-for-6bn/