Competitive Power Ventures and GE Achieve Commercial Operation at 805-MW CPV Towantic Energy Center Connecticut
New CT Private Energy Project Now Supplying Efficient, Reliable and Environmentally Responsible Power on ISO-NE Grid
Silver Spring, Maryland, June 14, 2018 (GLOBE NEWSWIRE) — Competitive Power Ventures (CPV) and its partners including GE Energy Financial Services (GE EFS) today announced that the 805-megawatt (MW) CPV Towantic Energy Center in Oxford, CT achieved commercial operation and is now supplying electricity to power more than 800,000 homes and businesses. The project, managed by Competitive Power Ventures, Inc., was constructed by Gemma Power Systems, LLC and is being operated by NAES Corporation.
“The Towantic project is a positive for our state and our region,” said Governor of Connecticut, Dan Malloy. “From the hundreds of construction jobs created, to the potential for economic development in adjacent lots, to 805 megawatts of new electricity, I am pleased to see the plant come to fruition.”
“Our CPV Towantic Energy Center is one of the most efficient and environmentally responsible electric generators in the world today,” said CPV CEO Gary Lambert. “Achieving commercial operation means that we will improve the reliability of the regional electric system, reduce energy cost and continue the modernization of North America’s power grid.”
Watch this VIDEO to see our construction team at work on the CPV Towantic Energy Center.
CPV is dedicated to increasing America’s energy sustainability by providing safe, reliable, cost effective and environmentally responsible power generation. The CPV Towantic Energy Center is a state-of-the-art natural gas-fired electric power generating facility using the GE 7HA-based power train in a combined-cycle configuration. GE’s 7HA technology is among the most efficient in the world at 63 percent and will contribute to regional air quality improvements by replacing older, less efficient power generation.
“Our leading technology across the full range of generation, transmission, and distribution solutions helps utilities and power producers to thrive in a changing energy landscape while delivering safe, reliable, and affordable electricity to their customers and communities,” said Russell Stokes, President and CEO of GE Power. “An important piece of that portfolio is our record-setting HA gas turbine technology that is providing the CPV Towantic Energy Center flexible, efficient, and reliable electricity to sustainably power our future.”
“We are proud to partner with CPV in the development and delivery of this reliable and cost-effective power facility in New England using GE’s state-of-the-art technology,” said Timothy Howell, Managing Director of Power & Development, GE Energy Financial Services.