CPV secures financing for $1.3B gas power plant in Illinois

Competitive Power Ventures (CPV) reached financial closing on the CPV Three Rivers Energy Center, a 1,250-MW combined cycle gas-fired power plant in Grundy County, Illinois, representing over $1.3 billion in investment. Construction will begin soon with commercial operation expected in 2023.

“Financing has been secured for a new combined cycle natural gas-fired power plant in Illinois, a project expected to begin supplying electricity to the Chicago area in 2023”powermag.com

• 2 sources
• powermag.comFinancing Secured for New Gas Plant with GE HA TurbinesDarrell ProctorAug 24, 2020
• chicagoconstructionnews.comKiewit Power Generation to start work on $1.3 billion Three Rivers Energy Center in Grundy County | Chicago Construction NewsMark BuckshonAug 25, 2020

Summarized from public sources; check the original articles before acting on it.