Harbert affiliate acquires 65% stake in Tenaska Georgia from GIP

By Public Technologies
  • Gulf Pacific Power, a Harbert Management Corporation affiliate, acquired a 65% indirect equity interest in Tenaska Georgia Partners today.
  • The stake was purchased from Global Infrastructure Partners, part of BlackRock.
  • Tenaska Georgia Partners owns a 945-megawatt, dual-fuel natural gas peaking facility in Franklin, Georgia.
  • The plant operates under a long-term tolling agreement with a Constellation Energy subsidiary.
  • Tenaska retains its ownership interest and has managed the plant since commercial operations began in 2001.


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