NRG seeking buyers

A spokeswoman for NRG Energy (NYSE: NRG)has said the company is in discussions to find potential buyers for a planned power plant in Carlsbad, California. The project received a license from the California Energy Commission last year, but still needs financing and a number of key permits. The application was filed with the commission in 2007 and is valid for five years from the time it was received. Seemingly the project will be a 558 MW combined cycle natural gas-fired facility. NRG is estimating construction will begin in the first quarter of 2014, with the plant coming online by 2016, according to the Union-Tribune. The schedule is contingent on the execution of a power purchase agreement, successful financing of construction and timely issuance of any remaining permits that need to be obtained. Any contract discussions about a pending power purchase agreement are confidential, and there is no information when the remaining permits might be secured.

Previous articlePetrobras starts production in Santos Basin
Next articleBTM in transition
Heat Exchanger World Publisher
Heat Exchanger World is a leading international magazine covering all aspects of the product supply chain of heat exchangers. Heat Exchanger World is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.