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Cape Wind selects construction contractor

BOSTON (AP) -- The Cape Wind offshore wind project has selected its construction contractor for the 130-turbine project planned for Nantucket Sound.

Cape Wind's developer announced Tuesday that the joint venture team of Flatiron Construction Corp, Cal Dive International Inc., and Cashman Equipment Corp. will build the project, which aims to be the country's first offshore wind farm.

Developers say the 468-megawatt project will produce electricity by 2014. Cape Wind estimates it will create 600 to 1,000 jobs during construction and 50 permanent jobs.

The $2.6 billion project is seeking financing after selling about 27 percent of its projected power to the utility NStar.

NStar agreed to the purchase as a condition of Massachusetts approval of its acquisition by Northeast Utilities. That deal closed Tuesday.

Cape Wind now has committed buyers for about three quarters of its power.