Officials say hundreds of stable jobs could be on the way.
Bell County leaders call it an "Integrated Energy Center" that would use solar, wind and natural gas along with coal.
Officials say it's 500 acres of opportunity.
While it's an empty field now, in about two years this could be the site of a two billion dollar power plant.
Leaders met to discuss the recent developments with the project.
Those with Sky Energy, the company conducting surveys, say the location looks promising.
Now, they are focused on getting more funding.
They say that should happen...despite a weak economy.
"It's actually a good time because credit markets are recovering from the credit crisis. So banks are looking for good projects," said Randy Bird with Sky Energy.
While pen has yet to hit the paper to make the plant official--county leaders are optimistic it will happen.
"This will be a grand slam home run for the community in Southeastern Kentucky," said Bell County Judge Executive Albey Brock.
The construction phase alone could employ 15 hundred people.
Coal companies will compete to help produce power for the plant.
Officials hope to to have the money to start the developing phase by July.