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Deal snapshot: J-POWER USA ACQUIRES EQUITY STAKE IN PENNSYLVANIA POWER PLANT PROJECT.

MANews-(C)2009-2017

Japanese power producer Electric Power Development Co's J-Power Westmoreland, LLC subsidiary has secured an equity stake from Tenaska in the a 925mw Tenaska Westmoreland Generating Station natural gas-fueled power plant project near Pittsburgh, the company said.

The Tenaska Westmoreland project is owned by affiliates of Tenaska, Diamond Generating Corp., which is a subsidiary of Tokyo-based Mitsubishi Corp., and now J-Power USA. J-Power USA is a subsidiary of Tokyo-based Electric Power Development Co., Ltd, an independent power producer and the largest wholesale utility in Japan.

Country: USA

Sector: Utilities

Target: Tenaska Westmoreland Generating Station/equity stake

Buyer: J-Power Westmoreland, LLC

Vendor: Tenaska, Diamond Generating

Deal size in USD:

Type: Stakebuilding

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:9JAPA
Date:Jan 18, 2017
Words:125
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