ArcLight Adds 640MW Power Plant to Portfolio

18 July 2010 (Last Updated July 18th, 2010 18:30)

ArcLight Capital Partners has acquired a 640MW power generation facility in Sandersville, Georgia, US, from KGen Power for $130m. ArcLight has acquired the power generation facility through its wholly-owned subsidiary AL Sandersville from the Texas headquartered power generation compan

ArcLight Capital Partners has acquired a 640MW power generation facility in Sandersville, Georgia, US, from KGen Power for $130m.

ArcLight has acquired the power generation facility through its wholly-owned subsidiary AL Sandersville from the Texas headquartered power generation company, with $98m credit extended by GE.

The power facility built in 2002 uses eight 80MW gas turbines and supplies power to the southeastern power market, particularly Georgia.

The acquisition will help ArcLight meet peak demand of a city with a population of 450,000.