GUADALUPE COUNTY - Calpine Corporation has agreed to purchase a nominal 1,050 megawatt, combined-cycle power plant for $625 million from MinnTex Power Holdings LLC. The natural gas-fired plant is located in Guadalupe County, 30 miles northeast of San Antonio, on a 110-acre site.
The Guadalupe plant includes two 525 megawatt generation blocks. Calpine is targeting the transaction to close in first quarter 2014 and expects to fund the transaction with cash on hand.
Source: Calpine Corporation
Read more at the San Antonio Express-News.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.