# 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.

- Type: New facility
- Announced: 2020-08-24
- Where: Grundy County, Illinois, United States
- Value: $1.30B
- Jobs: 500
- Starts operating: 2023
- Status: announced
- Capacity: 1,250 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Competitive Power Ventures](https://endata.com/companies/23136.md)
- [GE Energy Financial Services](https://endata.com/companies/25514.md) (investor)
- [Kiewit Power Constructors](https://endata.com/companies/27866.md) (partner)
- [Osaka Gas USA](https://endata.com/companies/49439.md) (investor)
- [Axium Infrastructure](https://endata.com/companies/49440.md) (investor)
- [Harrison Street](https://endata.com/companies/49441.md) (investor)

## Sources

- [powermag.com](https://www.powermag.com/financing-secured-for-new-gas-plant-with-ge-ha-turbines/), 2020-08-24: "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"
- [chicagoconstructionnews.com](https://www.chicagoconstructionnews.com/kiewit-power-generation-to-start-work-on-1-3-billion-three-rivers-energy-center-in-grundy-county/), 2020-08-25: "CPV Three Rivers will provide $1 billion in economic development and hundreds of good-paying, union construction jobs to Illinois over the next two years"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.