A GE Unit Arranges Invenergy Energy Center Refinancing
Invenergy Development Company announced the successful refinancing of its 620 MW Grays Harbor Energy Center, a natural gas-fueled power generation project in Elma, WA.
Grays Harbor, which began commercial operations in 2008, is located approximately thirty miles west of Olympia, in Grays Harbor County. The facility consists of two gas-fired GE Frame 7FA combustion turbines and one GE steam turbine generator operating in combined-cycle mode with duct firing.
GE Energy Financial Services — through GE Capital Markets — acted as bookrunner and joint lead arranger for the transaction. CoBank also served as joint lead arranger. In addition, BNP Paribas and Union Bank are providing financing in connection with this transaction.
Invenergy Development Company is a joint venture between Invenergy Thermal, an affiliate of Invenergy LLC, and Stark Investments, a global alternative investment firm.