ODESSA - It's a familiar feeling in Odessa where city leaders are waiting for word on whether or not West Texas will be the home for a state of the art power plant.
It wouldn't be just a shot in the arm for the Odessa economy, but all of the Permian Basin.
The nearly two and a half billion dollar project, called "New Gen" would be built near Penwell where officials planned to set up the Future-Gen Plant.
Federal funding comes with the project to the tune of 350 million dollars.
The new clean coal plant would capture 70% of its carbon dioxide emissions, and use it for advanced oil recovery.
If the funding comes together, the site will take about three years to complete.
The economic boost means 1,000 construction jobs.
Once it's up and running, there would be 150 permanent jobs to run the plant.