NTE Energy Receives Funds to Crank Up Plant Development
July 24, 2014
NTE Energy, a power developer and energy services provider, has secured an investment from Capital Dynamics and Wattage Finance, the latter of which is managed by Guggenheim Partners. The investment will help complete the development of three natural gas-fired power plants, valued at over $1.1 billion. The projects include Middletown Energy Center, a 518 megawatt combined cycle power plant in Ohio; Kings Mountain Energy Center, a 475 MW combined cycle power plant in North Carolina; and Pecan Creek Energy Center, a 237 MW simple cycle power plant in Texas.