E3 Consulting (E3) served as independent engineer to lenders for the recent financing of the Tenaska Westmoreland Generating Station, a 925-MW natural gas-fired, combined-cycle power plant to be built near Pittsburgh.
MUFG Union Bank N.A., BNP Paribas, Citigroup Global Markets, and Industrial and Commercial Bank of China Ltd. led the banking group for the $780m financing.
Tenaska announced the financing for the project in April. E3 issued a news release on its role on May 23.
Located in Westmoreland County, Pennsylvania, the facility is equipped with two Mitsubishi 501J combustion turbines, two heat recovery steam generators and one Siemens steam turbine. It will be fed by at least two major interstate gas pipelines.
The Municipal Authority of Westmoreland County will supply water. Construction began earlier this year, with commercial operation targeted for late 2018.
As Independent Engineer, E3 had responsibility for reviewing the project’s technical feasibility and economic viability. The E3 team, led by Senior Director Andy Hixson, addressed the technical and commercial aspects, evaluated specific risks and uncertainties, and offered a prognosis on project success.
E3 is currently serving as construction monitor for the project.
“E3 has a strong reputation and track record in our industry,” said David Kirkwood, Tenaska vice president and treasurer. “We appreciate the company’s significant technical expertise as well as its thoroughness and professionalism.”
A Tenaska affiliate, Tenaska Pennsylvania Partners LLC, will build, own, and operate the Westmoreland facility.
In recent times, E3 has also worked on the ReEnergy Black River bioenergy project in New York as well as the NRG Energy (NYSE:NRG) Petro Nova carbon capture project in Texas, according to the E3 website.