CPV Moves Forward with Connecticut Power Plant

file

Competitive Power Ventures (CPV) will order two GE 7HA.01 gas turbines with the associated engineered equipment package for installation at its 785-MW, combined-cycle Towantic project in Connecticut.

When complete, the plant will generate enough electricity to power the equivalent of about 800,000 U.S. homes. Fueled primarily by natural gas, the plant will also use ultra-low sulfur distillate as a backup fuel.

The Towantic project was originally approved by the Connecticut Siting Council in 1999, but plans fell through due to market conditions. In 2012, CPV entered into partnership with GE Energy Financial Services to advance the project and its competitiveness in the marketplace.

Working with both GE Financial Services and GE Power, the $753 million project will rely on 16 participating lenders for financing and represent one of the largest private-sector infrastructure projects in Connecticut.

Gemma Power Systems will serve as the EPC contractor for the project.

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

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...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...