CPV Towantic Energy Center is a 785MW dual-fuel fired power project. It is located in Connecticut, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in May 2018.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 785 | 785 | – | Active | Connecticut, the US | Competitive Power Ventures Holdings; GE Energy Financial Services |
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Description
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The project was developed by Competitive Power Ventures Holdings and GE Energy Financial Services. Osaka Gas USA and CPV Towantic Energy Center are currently owning the project having ownership stake of 49.5% and 26% respectively.
It is a Combined Cycle Gas Turbine (CCGT) power plant that is used for Baseload. The power plant run on dual-fuel. The primary fuel being used to power the plant is natural gas. In case of shortage of natural gas the plant can also run on Ultra-low Sulfur Distillate Fuel Oil. The fuel is procured from Algonquin Interstate Pipeline.
The project cost is $1,000m.
Development Status
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By GlobalDataThe project got commissioned in May 2018.
Contractors Involved
Gemma Power Systems was selected to render EPC services for the dual-fuel fired power project.
GE Power was selected as the turbine supplier for the Dual-Fuel fired project. The company provided 2 units of 2×1 MS 7HA.01 gas turbines.
GE Power was selected as the turbine supplier for the Dual-Fuel fired project. The company provided 1 unit of D602 steam turbine.
John Cockerill Group supplied steam boiler for the project.
NAES is the O&M contractor for thermal power project.
About Competitive Power Ventures Holdings
Competitive Power Ventures Inc (CPV), a subsidiary of Competitive Power Ventures Holdings LLC, is a power generation company. The company offers project management and development, and asset management services. It also provides market analysis, construction and financing, commercial operation and maintenance, power generation facilities management, and other services. CPV’s projects include Keenan II Wind Farm, Valley Energy Center, Woodbridge Energy Center, Towantic Energy Center, and Three Rivers Energy Center, among others. The company has operations in Maryland, Massachusetts, and California, the US. CPV is headquartered in Silver Spring, Maryland, the US.
About GE Energy Financial Services
GE Energy Financial Services Inc (GE Energy), a subsidiary of General Electric Company is a financial services company that provides investment services in the energy sector. The company’s services include preferred limited partnerships, debt financing, leases, limited partnerships. It also provides GE Energy offers equity investment, broad-based commercial finance and project finance, investment services and others. GE Energy offers investments services with a primary emphasis on wind and solar power generation, renewable energy, transmission and distribution oil and gas infrastructure and venture capital sectors. The company has its operations in India, the US, the UK, Australia, and Canada. GE Energy is headquartered in Stamford, Connecticut, the US.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
