1,100 MW Michigan natural gas plant sold
SOUTH HAVEN, MICHIGAN - Michigan's New Covert Generating Company, LLC is agreeing to sell its 1,100-MW, natural gas-fueled combined-cycle generating plant to an independent power producer.
Mach Gen, LLC will acquire New Covert Generating Company, LLC, the owner of the Covert Generating Plant located near South Haven, Mich.
The Covert facility is a natural gas-fueled plant that sells power into the Midwest Independent System Operator market. The plant went into operation in 2004.
The acquisition is subject to approval by various federal, state and permitting agencies, and is expected to close by the end of this year.
Related News
IEA: Asia set to use half of world's electricity by 2025
BERLIN - Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency.
Much of Asia’s electricity use will be in China, a nation of 1.4 billion people whose share of global consumption will rise from a quarter in 2015 to a third by the middle of this decade, the Paris-based body said.
“China will be consuming more electricity than the European Union, United States and India combined,” said Keisuke Sadamori, the…
