CCGTs bought

Capital Power Corp. plans to spend $315 million to buy two combined-cycle power plants in Rhode Island and Maine totaling 549 MW in capacity. The price represents 40 percent of the plant’s replacement value.

Capital Power will buy the plants from Brick Power Holdings LLC, a group of investors who acquired the plants during Calpine Energy’s bankruptcy. The plants are a decade old and feature GE 7FA power systems.

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