GE to provide financing, turbines and maintenance for Invenergy gas-fired plant

Nelson Energy Center

GE will be anchoring a lending group for Invenergy LLC to finance construction of the 584-MW Nelson Energy Center in Illinois. The plant will also use GE’s 7F gas turbine technology and has signed a long-term maintenance services agreement with GE for the plant’s GE equipment.

GE Energy Financial Services served as the administrative agent, bookrunner and, through GE Capital Markets Inc., as primary lead arranger of the senior secured credit facilities. GE Energy Financial Services, ING Capital LLC and Siemens Financial Services Inc. are providing construction and term loans for the plant. The companies have not disclosed financial details.

Invenergy Development Co. LLC, a joint venture between an affiliate of Invenergy LLC and Stark Investments, is building the plant. The companies plan to begin commercial operations and sell power into the PJM wholesale market in early 2015. Invenergy Services LLC will operate and the plant.

The plant will also use two GE A10 steam turbines, which will be upgraded with GE’s Mark Vie software controls technology.


Subscribe to Power Engineering magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...