ArcLight Capital Partners has agreed to sell 49.9 percent of its stake in five power plants to the Government of Singapore Investment Corporation (GIC) and GE Energy Financial Services for an undisclosed sum.
The power plants, all of which are located in the state of Georgia, have a combined capacity of about 2500 megawatts and form the “largest fully independent power producer in the southeastern United States”, according to a statement from ArcLight.
ArcLight sells power plants to GE and GIC(2)
The portfolio consists of five natural-gas fired plants in the US state of Georgia that together can generate up to 2500 megawatts of power.
