combined-cycle power

Calpine Completes Purchase of Guadalupe Power Plant in Texas for $625 Million

Calpine completed the acquisition of a natural gas-fired, combined-cycle power plant located in Guadalupe County, 30 miles northeast of San Antonio, Texas, in ERCOT's south zone. Calpine purchased the plant, which has a generating capacity of 1,050 MW, from MinnTex Power Holdings (a portfolio company owned by a private investment fund managed by Wayzata Investment Partners) for $625 million plus adjustments.

GE and Toshiba form a global strategic alliance

GE and Toshiba signed a memorandum of understanding (MOU) to form a global strategic alliance, under which the two companies would jointly develop select combined-cycle power generation projects around the world. The two companies will explore the formation of a strategic joint venture for the development of next-generation combined-cycle power projects with higher levels of thermal efficiency.