Participation in Westmoreland Gas-Fired Power Project
2019.11.29
Participation in Westmoreland Gas-Fired Power Project
our 4th power generation project in the USA (Equity ownership of 118MW)
Press release
Kyuden Group will participate in Westmoreland Gas-Fired Power Project in Pennsylvania (“WML”) by acquiring a 12.5% interest in Tenaska Pennsylvania Partners, LLC, from Diamond Generating LLC*1.
WML is utilizing a gas combined-cycle generating system equipped with state-of-the-art gas turbines (total output: 940 MW). WML supplies electricity to the north-eastern part of the United States through PJM*2.
WML is our fourth power generation project in the USA following investments*3 in Birdsboro Gas-Fired Power Project in Pennsylvaniaⁱ, Kleen Gas-Fired Power Project in Connecticutⁱⁱ, and South Field Energy in Ohioⁱⁱⁱ. WML will bring our equity ownership of overseas electricity generation projects to approximately 2,300MW*4. *1 A subsidiary of Mitsubishi Corporation
*2 PJM (PJM Interconnection LLC)-The largest wholesale electricity market in North America
*3 Announced on (ⁱ) 15 December 2017, (ⁱⁱ) 15 May 2018 and (ⁱⁱⁱ) 24 August 2018
*4 The total includes projects under construction
By using our top-class technological prowess and expertise, Kyuden Group aims to achieve equity ownership of 5,000MW in overseas electricity generation projects by 2030, as listed as one of our strategies in the Kyuden Group Management Vision 2030.