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Article: Texas Independent Energy Completes Funding for the Largest 100-Percent Merchant Power Plant Financing in the U.S.
- Article from:
- Business Wire
- Article date:
- October 12, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--Oct. 12, 1999--
Guadalupe County, Texas, project is joint venture of
PSEG Global and Panda
The largest financing arrangement for a 100-percent merchant power plant in the United States has been concluded as one of Texas' first new breed electricity generating projects has been fully funded.
Texas Independent Energy, a 50/50 joint venture of privately held Panda Energy International of Dallas and PSEG Global of New Jersey, today announced financial closing on its 1,000-megawatt natural gas-fired facility in Guadalupe County, Texas, northeast of San Antonio. This landmark Texas project was announced a year ago. ...