Content area
Full Text
Global Infrastructure Partners (GIP) and Fortistar have sold the Channelview cogeneration plant to the EIF-managed EIF United States Power Fund IV. Channelview, located near Houston, Texas, produces about 1.7 million pounds per hour of steam and has a power capacity of 865MW. LyondellBasell is an offtaker of Channelview's steam, and buys 293MW of its capacity, under a contract that expires in 2018. EDF and Shell provide medium- and short-term hedges to the plant.