Ares EIF invests in 488MW Birdsboro power plant in Pennsylvania, US

3 Mar

fossilfuel.energy-business-review.com 01 Mar, 2017

Ares EIF Group has closed an equity investment for the construction of a 488 MW natural gas-fired combined-cycle generation Birdsboro power plant in Berks County, in the US state of Pennsylvania. The project received a non-recourse debt financing from CIT Bank, GE Energy Financial Services and Investec. The project will feature GE 7HA.02 gas turbine and a GE steam turbine. Kiewit has been retained as the contract for the engineering, procurement and construction of the project. Commercial operations of the plant are expected to begin in Q2 2019

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