J-POWER Purchases Stake in Pennsylvania Gas Plant

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By Editors of Power Engineering

J-POWER Westmoreland LLC, a subsidiary of J-POWER USA Investment Co., has purchased an equity stake in the Tenaska Westmoreland Generating station under construction near Pittsburgh.

The 925-MW plant is now jointly owned by Tenaska and Diamond Generating Corp., which is a subsidiary of Mitsubishi Corp., and now J-POWER, which is a subsidiary of Tokyo-based Electric Power Development Co.

“This acquisition is consistent with our strategy of investing in and developing high-quality power generating facilities which connect to reliable power markets, like PJM,” said Mark Condon, president and CEO of J-POWER USA. “J-POWER USA will actively continue to look for opportunities to expand its North American power generation business.”

Tenaska and J-POWER have held a working relationship on other developments for the past decade.

Construction on the combined-cycle plant should wrap up by 2018.

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