Competitive Power Ventures (CPV), in partnership with GE Energy Financial Services, Osaka Gas USA, Axium Infrastructure, and Harrison Street, has reached financial closing on CPV Three Rivers Energy Center in Grundy County, Ill.
CPV Three Rivers is a state-of-the-art 1,250-megawatt natural gas–fueled, combined-cycle electric generation facility that will use GE's latest highly efficient HA turbine technology. The plant will feature two combustion turbines, two heat recovery systems and two steam turbines in order to maximize efficiency. The facility will sell its power into the Pennsylvania, Jersey, Maryland Power Pool market, enough to meet the demand of up to 1.25 million homes and businesses serving northern Illinois, including Chicago.
Construction, which is led by Kiewit Power Constructors Co., will commence shortly, and commercial operation is expected to begin in 2023. CPV Three Rivers is CPV’s largest project to date.
The project represents more than
