Energy Investors fund has acquired the 865-MW natural gas-fired Channelview cogeneration facility from Global Infrastructure Partners and Fortistar. The plant is near Houston, Texas.
EIF United States Power Fund IV L.P., a fund managed by EIF, was responsible for the deal. The facility sells steam and electricity under a long-term contract with an industrial customer and also sells power under a series of off-take agreements to the ERCOT market.
The companies did not disclose terms of the deal.
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