GE Buys Gas Plant to Expand Power Portfolio

24 May 2010 (Last Updated May 24th, 2010 18:30)

GE Energy has bought the King City cogeneration power plant in California, US, for $68m from Kelson Canada. The 120MW natural gas-fired cogeneration facility, using a GE 7EA gas turbine, has been operational since 1989. Electricity from the plant is supplied to Pacific Gas &am

GE Energy has bought the King City cogeneration power plant in California, US, for $68m from Kelson Canada.

The 120MW natural gas-fired cogeneration facility, using a GE 7EA gas turbine, has been operational since 1989.

Electricity from the plant is supplied to Pacific Gas & Electric Company under a contract up to 2019 and supplies steam to a nearby vegetable processing facility.

Calpine Corporation has leased, operated and maintained the plant since 1996 and will continue to do so under GE’s ownership.

At present, GE Energy’s portfolio of power projects can produce 26GW.